Covestro strengthens its global film production

^{Polymer solutions company Covestro has announced it will significantly expand its global film production to meet growing demand around the world.}

The company plans capacity expansions at its site at Map Ta Phut, Thailand, Guangzhou, China, South Deerfield, USA, and Dormagen, Germany.

More so, Covestro will invest more than €100 million to expand any associated infrastructure and logistics. Current plans are anticipated to create over 100 jobs across the world for the operation of the new plants.  

Speaking about the plans, Dr Markus Steilemann, CEO of Covestro, said: “With this capacity expansion, we are investing in promising technologies and applications. The innovative high-tech materials offer solutions for future challenges and deliver their contribution to making the world a brighter place."

"We want to expand our global film production as quickly as possible to meet the growing demand in the regions," explains Michael Friede, global head of the Coatings, Adhesives and Specialties segment. "With modern and efficient production facilities, we want to offer our customers growth opportunities and strengthen them in their competitive environment. "

At the Guangzhou site in China, Covestro’s focus will initially be on converting the existing coextrusion line. New capacities are expected to be available by the middle of 2019 with a second phase already planning to be scheduled.

Dr Thorsten Dreier, global head of the Specialty Films business, said: “With these expansions we create the conditions to meet customer requirements more flexibly and quickly. Our tailor-made products enable versatile applications in various industries.”