Covestro has launched a new production line for polycarbonate films in the Map Ta Phut Industrial Estate in Thailand. With the new capacity, the company aims to meet the rapidly growing demand in the Asia-Pacific region and to strengthen its position in this market. The films are mainly used in the automotive, telecommunications, medical technology and ID document sectors. The project is the first step in a global expansion of Covestro's plastic film production. The total investment of more than 100 million euros also includes an expansion of the associated infrastructure and logistics to shorten delivery times. Over 100 new jobs will be created worldwide.
With the additional production line using state-of-the-art technology, Covestro is investing in future growth in the Asia-Pacific markets, according to Sucheta Govil, Chief Commercial Officer (CCO) at Covestro. At the same time, Covestro is responding rapidly to the growing demand for specialty films in the region and supporting the expansion of promising technologies and industries.
More intensive customer service
Dr. Thorsten Dreier, Global Head of Specialty Films, sees advantages in customer service and stated that the new production line is important to Covestro because it enables faster market launches and at the same time expands market reach in Asia-Pacific. It also allows Covestro to meet its most important goal of intensifying its cooperation with customers in the region. Covestro intends to drive growth in the plastic film business with innovations and a stronger customer focus.
Covestro has been operating a production facility for specialty films in Thailand since 2007. The range comprises polycarbonate films from the Makrofol® range and Bayfol® products made from polycarbonate blends. The new line is equipped with the latest technology and operates very efficiently.
As a further measure in the investment program to expand film production, Covestro has already converted a coextrusion film plant in Guangzhou, China, for the future. At the South Deerfield site in the USA, the efficiency and quality of film production was also improved. The next milestone will be the expansion of films production in Dormagen, where the company is currently building up new coextrusion capacities. This project is scheduled for completion by the end of 2020.
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