MOSCOW (MRC) -- Covestro has announced that it has lifted force majeure for polymeric MDI in the Europe, Middle East, Africa (EMEA) region with immediate effect, as per GV.
The company declared force majeure on 25 April 2017 due to an unforeseeable production problem at its site in Brunsbuttel, Germany.
According to Covestro, despite all its efforts to sustainably improve its product availability for polymeric MDI, the supply situation will continue to be tight for some time, due in particular to a currently strong demand.
Furthermore, Covestro said it needs to prepare a turnaround at the Brunsbuttel facility, which is legally required. At the same time the company advances its MDI capacity extension at this site.
As MRC informed previously, in late March 2017, Covestro announced that it would continue manufacturing MDI in Tarragona, Spain. The plant closure that had originally been planned for the end of 2017 had been suspended for the time being. The main reason for this decision was the significant increase in demand for MDI, said Covestro. Furthermore, the company has managed to get access to important raw materials - in particular chlorine - for the Tarragona site for the next years beyond the end of 2017.
Covestro (formerly Bayer MaterialScience) is an independent subgroup within Bayer. It was created as part of the restructuring of Bayer AG from the former business group Bayer Polymers, with certain of its activities being spun off to Lanxess AG. Covestro manufactures and develops materials such as coatings, adhesives and sealants, polycarbonates (CDs, DVDs), polyurethanes (automotive seating, insulation for refrigerating appliances) etc.