Covestro has started construction of a new production plant for Vulkollan® raw materials in the Map Ta Phut industrial zone in Thailand. With the new plant, the company aims to satisfy the growing demand for high-performance elastomers and to serve the ever wider range of applications of the product.
The investment is in the high mid double-digit million euro range. Production at the new plant is scheduled to start at the end of 2022. It will employ a staff of more than 25 people.
“With this strategic investment, Covestro wants to further improve its infrastructure and customer proximity and strengthen its presence in the Asia-Pacific region,” says Dr. Klaus Schäfer, Chief Technology Officer (CTO) of Covestro. “After expanding our capacities for polycarbonate films, we are now broadening the production spectrum at our Map Ta Phut site with a new investment project.”
“With this additional production line, we are not only supporting our customers´ demand”, explains Michael Friede, Head of the Coatings, Adhesives, Specialties segment, “we are also investing in the future global growth of applications and industries with high-end requirements.”