· About 200 million euros will be invested
· MDI production capacity will be raised to 220,000 tons / year through de-bottleneck project
· Self-built chlorine production facilities
Materials maker Covestro recently announced that its production facility in Tarragona, Spain, will continue to operate beyond 2020. The company plans to invest approximately EUR 200 million in various measures to increase the cost competitiveness of the site. , The company will build its own chlorine production facility to ensure the efficient, sustainable and independent supply of this important raw material.
Covestro will also lift its capacity in Tarragona's MDI plant to about 220,000 tons / year, 50,000 tons / year more than before by taking off the bottleneck project. MDI is a rigid foam Of the precursor, this material excellent thermal insulation properties, widely used in buildings and refrigerators and other fields.
Patrick Thomas, chief executive of Covestro, said: "We are firmly committed to the MDI market and to the Tarragona production site. With its de-bottleneck and self-built chlorine supply system, Tarragona as one of our global networks Members will become more efficient and competitive. '
The de-bottleneck project will continue until 2022. Chlorine production is scheduled to start by the end of 2020. Chlorine previously required for base production is supplied externally, and the new chlorine gas production facility will employ state-of-the-art energy-saving technologies that will enable key raw materials The production and overall production become more efficient.
'We have always followed the expansion of production capacity through wise capital expenditures and this investment is another important step in our long-term investment strategy, which is the cornerstone of our strategy to achieve global growth.' Dr. Xerox Man, Chief Commercial Officer of Covestro (Dr Markus Steilemann) said, 'We expect the MDI market will remain in short supply and therefore this investment will not only allow us to meet the additional growth needs of our customers, but it will also help us to grow our business organic.'
The investment will further leverage the company's existing global manufacturing network to reinforce the company's existing commitment to the MDI market and meanwhile the company is expanding its manufacturing facility in Brunsbüttel, Germany, with plans to increase its MDI production by the end of 2018 Double to about 400,000 tons / year.
About Covestro:
Covestro is one of the world's largest polymers manufacturing companies with sales of 11.9 billion euros in 2016. Its business scope focuses on the manufacturing of high-tech polymer materials and innovative solutions for many everyday applications . The major service sectors cover the automotive, construction, wood processing and furniture, electrical and electronics, sports and leisure, cosmetics, medical and chemical industries themselves. By the end of 2016, Covestro has approximately 15,600 employees in 30 manufacturing facilities around the world (Calculated as full-time employees).
For more information, visit www.covestro.com.