On May 16th, Covestro announced that it will significantly expand its polycarbonate production capacity in its Shanghai integrated production base, and increase its production capacity to 600,000 tons / year through the bottleneck removal project to meet the strong demand of customers in the Asia-Pacific region. In October last year, Covestro announced that it would double its polycarbonate production capacity to 400,000 tons per year. The new capacity will be put into operation in 2019.
On the morning of the same day, Covestro held a press conference at the 2017 Chinaplas in Pazhou Complex. Ms. Lei Huanli, Senior Vice President of Covestro's Polycarbonate Business Unit, Asia Pacific Region, and Covestro's Senior Manager of Polycarbonate Business Unit China. Vice President Qiu Weihui attended the meeting.
Dr. Klaus Schäfer, a member of the board of directors and chief technology officer of Covestro, said: "Expansion is critical to meeting growing demand. The successful completion of this project will strengthen our global production network and reflect our A consistent commitment to the Chinese market. "
Ms. Zhou Binbin, President of Covestro's Polycarbonate Business Unit, said: "The demand for polycarbonate resins and blends in key customer industries such as electronics, medical, and automotive is growing rapidly, and this is particularly true in China. By further expanding our production capacity, we It can better meet the changing needs of customers and ensure the sustainable supply of this high-tech plastic. "
Global leader in polycarbonate resins
Polycarbonate is being used in all aspects of modern life because of its light weight, high transparency, sturdiness, and easy shapeability, such as: electrical and electronic appliances, automotive parts, medical equipment, and LED lighting. With the expansion of the world's largest polycarbonate production base, Covestro will consolidate its position as the world's number one in the field of polycarbonate resins, and plans to increase its supply and lead the industry. "In recent years, our global share of production capacity has been getting higher and higher, and we are continuing on this path. This investment is an important step we take to ensure the necessary supply." Ms. Zhou Binbin added.
At the same time, Covestro demonstrated its leading position in the field of efficient and environmentally friendly technologies by recycling industrial brine at its production base. Covestro produces chlorine and sodium hydroxide by reusing industrial brine, and these two chemicals are important raw materials for the production of polycarbonate. Dr. Xiao Feng said, "By using our innovative recycling process technology, a high level of cost-effectiveness will be guaranteed."
About Covestro:
Covestro is one of the world's largest polymer production companies, with 2016 sales of 11.9 billion euros. Its business scope is mainly focused on the production of high-tech polymer materials and the development of innovative solutions for many areas of daily life. The main service industries cover the automotive, construction, wood processing and furniture, electrical and electronics, sports and leisure, cosmetics, medical and chemical industries themselves. Covestro was formerly Bayer MaterialScience. As of the end of 2016, Covestro had 30 production bases around the world and about 15,600 employees (calculated as full-time employees).