Covestro Strengthens Global Film Production
July 30, 2018
Covestro has announced its intentions to expand global film production to reportedly meet the growing demand in all regions. The company specifically plans capacity expansions at Map Ta Phut, Thailand; Guangzhou, China; South Deerfield, Mass., United States; and Dormagen, Germany. The total investment of more than 100 million euros also includes the expansion of the associated infrastructure and logistics. According to the company, more than 100 new jobs will be created worldwide for the operation of the new plants.
“With this capacity expansion, we are investing in promising technologies and applications,” said Markus Steilemann, CEO of Covestro. “The innovative high-tech materials offer solutions for future challenges and deliver their contribution to making the world a brighter place.”
The production facility being built in Map Ta Phut, Thailand is scheduled for completion by the end of 2019. It is based on modern coextrusion technology, Covestro reported. 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 as early as mid-2019. In South Deerfield, Mass., measures to increase efficiency and quality are currently being implemented. According to Covestro, the company is also building new coextrusion lines in Dormagen, which are scheduled for completion in the fourth quarter of 2020.