MOSCOW (MRC) -- Covestro intends to increase thermoplastic polyurethane (TPU) production capacity at its facility in Changhua County, Taiwan, reported Apic-online with reference to the Taipei Times.
The project, which is expected to increase the plant's TPU capacity to 23,000 t/y from 18,000 t/y currently, involves the installation of a new production line. Completion is anticipated by next year.
"There is still sufficient room for new production lines (in Changhua) and we have no need to build new factories in Taiwan," said the report citing Covestro Managing Director Michael Lee.
The company noted that it has no intentions to increase capacity at its local Kaohsiung plant, which is its biggest polyethylene terephthalate (PET) production site in Asia.
As MRC informed before, in July 2016, Covestro moved forward with a repurposing of its production operations in Brunsbuttel, Germany. The Board of Management officially approved an expansion of production capacity for the foam component MDI (feedstock for polyurethane) at the site. An existing, idled plant for the precursor TDI will be converted for production of MDI. The plans call for roughly doubling production capacity at the site to a total of approximately 400,000 metric tpa of MDI. Commissioning of the new plant complex is scheduled for late 2018. Preliminary plans call for a total investment volume (in euros) in the low hundreds of millions, which is already included in Covestro’s medium-term capital expenditure budget.
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.
MRC