Pittsburgh, PA, August 30, 2017 — Due to the impact of Hurricane Harvey on its Baytown and Channelview, Texas, facilities, Covestro LLC has declared Force Majeure regarding its ability to supply the following products in North America:
- Diphenylmethane Diisocyanate (MDI)
- Toluene Diisocyanate (TDI)
- Liquid caustic soda 50%
- Hydrochloric acid 36%
- Hexamethylene Diisocyanate (HDI) and their corresponding derivatives
- Isophorone Diisocyanate (IPDI) and their corresponding derivatives
- H12MDI (Desmodur® W)
- Selected pre-polymers
These materials are used to manufacture products for a variety of industries, including automotive, building and construction, furniture and appliance.
At this time, Covestro’s polycarbonate products are not included in the Force Majeure declaration.
The safety of employees is Covestro’s first priority, and the company is actively assessing the personal situations of employees most impacted by the storm.
About Covestro LLC:
Covestro LLC is one of the leading producers of high-performance polymers in North America and is part of the global Covestro business, which is among the world’s largest polymer companies with 2016 sales of EUR 11.9 billion. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, electrical and electronics, and medical industries. Other sectors include sports and leisure, cosmetics and the chemical industry itself. Covestro has 30 production sites worldwide and employed approximately 15,600 people at the end of 2016.
Find more information at www.covestro.us .
Alice Sox, Phone: +1 412-413-5430
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This press release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available on the Covestro website at www.covestro.com. Covestro assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
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