Covestro To Double Polycarbonate Capacity To 400,000 Tpa At Shanghai

Covestro to double Polycarbonate capacity to 400,000 tpa at Shanghai

18-Oct-16

To satisfy growing demand for polycarbonates in Asia, Covestro AG Leverkusen is doubling production capacities for the high-tech plastic from 200,000 to 400,000 metric tpa at its site in Shanghai, China. Two new world-scale production lines for polycarbonate resins were inaugurated, with state-of-the-art technologies and energy saving processes. This thrusts Covestro into becoming the world’s largest producer of such resins.

During the inauguration celebration, Michelle Jou, Head of the Polycarbonates segment at Covestro, said: “In Asia and especially China, the demand for polycarbonates and solutions based on it is growing in important industries like electronics, healthcare and automotive. By expanding our polycarbonates production capacity in the region, we can adapt and react even better to the changing needs of our customers. And we optimize our service, guaranteeing sustainable supply and relentless innovation.”

Especially lightweight, highly transparent, unbreakable and easy to shape, polycarbonates are used in many areas of modern life – from medical devices to automotive parts to smart phones and LED lighting. Polycarbonate resins can also be combined with other substances to produce blends with an optimally balanced set of properties. With the two new production lines, compounding capacities at the Shanghai site have also nearly doubled, further enhancing Covestro’s ability to meet the increasing customer requirements for diversified and individual solutions. The new production lines are the last cornerstone of a multi-year investment program for the Shanghai site with a volume of more than EUR 3 billion. Earlier this year, another new world-scale plant had been opened there producing up to 50,000 metric tpa of HDI – a crucial raw material used in coatings and adhesives.

Dr. Klaus Schäfer, Covestro Management Board member responsible for production and technology, said: “The addition of the new production lines makes Shanghai the largest production center for polycarbonate resins in the world. The successful completion of this project strengthens our global production network and demonstrates Covestro’s continuous commitment to the Chinese market.”