Debottlenecking at New Martinsville, West Virginia, facility to increase capacity by 25 percent
Pittsburgh, October 11, 2017 — Covestro has committed to expand its production capacity of thermoplastic polyurethane (TPU) in North America by 25 percent by debottlenecking its New Martinsville, West Virginia, manufacturing facility. The additional capacity is expected to come online in the second quarter of 2018.
The investment signifies the strategic importance of TPU in Covestro’s overall portfolio. As the demand for TPU rises both in North America and globally, the additional capacity will allow Covestro to continue to support the growth of its customers as well as explore new market opportunities.
“We are very enthusiastic about the expansion of capacity in North America,” said Marius Wirtz, Global Head of TPU. “This aligns with our expansion activities in other regions and is a sign of our commitment to this innovative and versatile polymer.”
Covestro’s TPU investment will expand production of its Texin® line, which is used in diverse extrusion and injection molding applications.
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.
Russ Glorioso, Phone: +1 412 525 9330
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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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