Germany: $ 116 Million Investments Covestro Expands Global Film Production at Four Locations
Covestro announced plans to significantly expand its global film production. In particular, capacity expansions are planned at Map Ta Phut, Thailand, Guangzhou, China, South Deerfield, USA, and Dormagen, Germany.
Leverkusen/Germany — The total investment of approx. $ 116 million also includes the expansion of the associated infrastructure and logistics. According to current planning, over 100 new jobs will be created worldwide for the operation of the new plants, the company announced. The high-quality semi-finished products are used in the automotive, medical technology and security card industries, amongst others.
Dr. Markus Steilemann, CEO of Covestro, said that with this capacity expansion, the company was investing in promising technologies and applications. According to Michael Friede, global head of the Coatings, Adhesives and Specialties segment, the manufacturer wants to expand their global film production as quickly as possible to meet the growing demand in the regions.
One of the new production facilities is being built in Map Ta Phut in Thailand and is scheduled for completion by the end of 2019. It is based on modern coextrusion technology.
At the Guangzhou site in China, the focus will initially be on converting the existing coextrusion line. The first new capacities are to be available there as early as mid-2019. In a second phase, capacity is also to be expanded there. In South Deerfield, Massachusetts, measures to increase efficiency and quality are already being implemented.
The company is also building new coextrusion lines in Dormagen, which are scheduled for completion in the fourth quarter of 2020. Only a year ago, the company commissioned a new production line there for high-quality, multilayer flat films, including infrastructure and logistics facilities.