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The global MDI market is stronger than ev.
New technologies are responding to the growing pressure on the world's resources (5 billion by 2030) as the global population continues to gr.
In an important milestone for Covestro and a clear sign of the future prospects of the polyurethane industry, the company's board of directors recently approved a €5 billion investment in M.
This latest attempt will add 500,000 tonnes/year of MDI capacity to Covestro's existing plant in Baytown, U.
After a thorough analysis of the different options, Covestro decided to invest in a new world-class factory in Bayto.
Covestro's total MDI production capacity in North America will reach 740,000 tons per year when the new plant goes into production in 202
supply and demand
supply and demandThis is an ambitious pl.
This prediction is related to the substitution of low-performance and low-sustainability materials in new technologies such as electric vehicl.
Another key market driver is the increasing demand for energy efficient insulati.
CEO .
“We have announced a significant increase in capital expenditures, and now is the time to a.
We are also expanding production elsewhere: by the second half of 2019, the plant in Brunsbuettel, Germany, will achieve an expansion of 200,000 to 400,000 tons per year, and we are expanding the plants in Tarragona, Spain and Caojing, China, and an additional plant in Antwerp, Belgium investme.
By 2021, our MDI capacity in Asia Pacific will reach 670,000 tons per year, and in EMEA will reach 820,000 tons per year in 202 Our cost-saving global investment approach will leverage existing infrastructure and supply networks to achieve lower specific investments, cost savings and higher returns on capit.
According to Carsten Weißleder, Senior Vice President and Head of Global Product Management for Polyurethanes, the additional investment is not just about maintaining supply and demand: "Covestro strives to be a trusted partner for our customers, helping to drive growth and succe.
All in all, now is a good time to invest in M.
