Covestro will construct a new Thermoplastic Polyurethanes (TPU) APAC application development (AD) Center in Guangzhou in South China. Construction is set to begin later this year, with the facility expected to become operational in 2025.
Covestro says the new application development center will be outfitted with advanced equipment and designed to integrate technical acumen with innovative solutions and tailored services in key applications including films (PPF), specialty cables, consumer electronics, footwear and further extrusion and injection applications.
This new development center is in addition to the existing regional R&D center in Changhua, the ongoing construction of the largest global TPU production site in Zhuhai, as well the upcoming APAC application development center in Guangzhou.
“Establishing this new application development center in Guangzhou is a strategically important move for us to jointly with our customers leverage on the vibrant Asia-Pacific and especially the Chinese market. The center will also contribute to developing more sustainable TPU solutions, underscoring our dedication to innovation that benefits our esteemed customers and partners,” said Dr. Andrea Maier-Richter, EVP and global head of TPU at Covestro.
“Together with the ongoing investment in our largest global TPU production site in Zhuhai, we will soon run two powerful engines in two major cities. This highlights our company’s ongoing commitment to growth and its commitment to the innovative capabilities of TPU in particular.”