Covestro Delays Texas MDI Project Citing Weak Market

Covestro A.G. is delaying work to expand its MDI plant in Baytown, a move that will halt work on the MDI-500 project for 18-24 months. In a Jan. 21 news release about the decision the company cited “challenging global market dynamics” for the halt. However, it stressed that there were no plans to leave the MDI … Read more Covestro Delays Texas MDI Project Citing Weak Market

Covestro Sells European Systems Houses Business to HIG Capital

Covestro successfully closed the sale of its European Systems Houses business to H.I.G. Capital effective as of November 1, 2019. The sales proceeds amount to a high-double-digit euro million sum. The business comprises facilities in the Netherlands, Denmark, Spain, Germany and further businesses in Italy. With approximately 250 employees, the business generates a annual sales … Read more Covestro Sells European Systems Houses Business to HIG Capital

Covestro to Sell European Polycarbonate Sheets Business to Serafin Group

Materials manufacturer Covestro has signed an agreement with Serafin Group for the sale of Covestro’s European polycarbonate sheets business, which comprises manufacturing units in Belgium and Italy, central management operations and sales support in Europe. The business generates total revenues of around EUR 130 million ($144 million). Polycarbonate sheets are highly break-resistant and are mostly … Read more Covestro to Sell European Polycarbonate Sheets Business to Serafin Group

Vopak, Mitsubishi, Covestro, AP Ventures Invest in Hydrogen Storage Tech

Royal Vopak, Mitsubishi Corporation, Covestro and AP Ventures invest €17 million into Hydrogenious LOHC Technologies GmbH and its Liquid Organic Hydrogen Carrier (LOHC) technology for hydrogen logistics. With its innovative Liquid Organic Hydrogen Carrier technology, Hydrogenious LOHC Technologies was able to attract further strong partners. In addition to AP Ventures, who invested in the German-based … Read more Vopak, Mitsubishi, Covestro, AP Ventures Invest in Hydrogen Storage Tech

Covestro Delivers First Ever Order of Polyurethane Resin for Wind Blades

Covestro, a leading global supplier of high-performance polymer materials, has delivered its first commercial order of polyurethane raw materials for wind blades to China. China is the world’s largest wind power market with 221 GW of installed capacity at the end of 2018, according to the World Wind Energy Association.(1) The blades, produced by Zhuzhou … Read more Covestro Delivers First Ever Order of Polyurethane Resin for Wind Blades