Covestro has signed an agreement with Vencorex Holding SAS, a subsidiary of Thai chemical company PTT Global Chemical Public Co. Ltd, to acquire two legal entities with stand-alone production sites for HDI (hexamethylene diisocyanate) derivates in Rayong, Thailand, and Freeport, Texas. The legal entities and sites were formerly part of the French aliphatics specialist Vencorex. […]
Covestro recently announced that Dr. Thorsten Dreier will remain chief technology officer (CTO) of the company for another five years. The supervisory board of Covestro has extended his contract, which runs until June 2026, ahead of schedule from July 1, 2026, to June 30, 2031. Dreier has been CTO and member of the board of […]
Materials manufacturer Covestro has completed a major expansion of its laboratory for coating and adhesive formulations in Shanghai. The expansion strengthens Covestro’s ability to deliver faster, tailored solutions to customers across Asia Pacific. The lab, which is part of Covestro’s Asia-Pacific Innovation Center, now spans over 3,000 square meters — an increase of about 20%. […]
Covestro announced that the company has signed an agreement to acquire Pontacol, a Swiss manufacturer of multilayer adhesive films. With the acquisition, Covestro expands its specialty films portfolio and advances the implementation of its “Sustainable Future” corporate strategy. The transaction is expected to close in the third quarter of 2025. Christian Baier, chief Financial Officer […]
Lamberti and Covestro recently announced Lamberti’s acquisition of Covestro’s East Providence, Rhode Island, site. The sale includes the real estate, equipment, and products produced at the site and preserves the jobs of employees at the East Providence facility. “This acquisition represents a significant step forward for Lamberti, enhancing our position in the PUD technology. It […]
Covestro announced it will open a specifically developed, automated laboratory for optimizing coating and adhesive formulations to provide even better support to its customers. Coating and adhesive manufacturers are under pressure as they compete for market share, optimize their products in rapid succession, and focus on efficiency while ensuring sustainability and regulatory compliance. At the […]
LyondellBasell (LYB) and Covestro have jointly decided to permanently close the propylene oxide/styrene monomer (POSM) production unit (PO11) at the Maasvlakte site in the Netherlands. The two companies report that the decision comes after careful consideration and is driven by the continued pressure on Maasvlakte’s profitability due to global overcapacities, a strong increase of imports […]
With the mechanical completion of new production lines at the Map Ta Phut Industrial Park in Thailand, Covestro has further increased its global capacity for polycarbonate (PC) specialty films. With an investment in the higher double-digit million-euro range, the project has been completed on schedule. IT will create a total of around 40 new jobs. […]
Covestro announced that the company recently made significant progress towards its Scope 1 climate neutrality goal for its Baytown, Texas, site. A newly commissioned project, known as NAUCI (Nitric Acid Unit Climate Initiative), reduces greenhouse gas emissions from the site’s Nitric Acid Unit by up to 99%, which accounts for a 60% reduction in the […]
Covestro recently announced that four of its U.S. sites have reached net-zero Scope 2 electricity emissions through the allocation of Renewable Energy Certificates (RECs). This achievement is a result of Covestro’s existing virtual Power Purchase Agreement (vPPA) with Ørsted, a renewable energy leader in the U.S. market, headquartered in Denmark. The Covestro U.S. sites that […]
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