Covestro Plans to Build Its Largest TPU Site in China
Covestro announced plans to build its largest thermoplastic polyurethanes (TPU) site in Zhuhai, China. With an overall investment in the low three-digit million euro range, it will also be the company’s largest investment in its TPU business. TPU are a highly versatile plastic material offering a broad range of properties for a diverse set of applications like sports shoe soles, IT devices such as sweepers, smart speakers, and phone cases, and automotive applications.
"This investment shows our ongoing commitment to growth in our solutions and specialties business entities,” said Sucheta Govil, Covestro. "With this new plant for TPU, we want to capture the expected fast and high market growth of the TPU market globally, and especially in Asia and China. The production site will be able to serve both the growing Asian markets, as well as demand in Europe and North America.”