Covestro celebrates the foundation stone laying ceremony for a new films production unit in Thailand in the presence of Dr. Thorsten Drier, Global Head of the Films Segment.
The new manufacturing line for polycarbonate films is being built at Map Ta Phut Industrial Estate, Thailand. The new unit will meet the fast-growing demand in the Asia Pacific and will help Covestro to strengthen its own position as a market leader. Covestro has taken this initiative as the first step to increase its global capacity with a total investment of more than EUR 100 million that includes an expansion of the associated infrastructure and logistics.
Dr. Thorsten Dreier, Global Head of Covestro´s Specialty Films Business, said, “Our existing films plant in Map Ta Phut has been a high-performing and valued facility. Our main objective with this expansion is to intensify our collaboration with customers in Asia Pacific, in particular, to improve efficiency and punctual delivery. With market-focused innovations and a stronger customer orientation we want to drive growth for Covestro.” Thorsten Dreier added, “This is an excellent strategic fit, enabling fastest time-to-market, but also broadening our market access in Asia. Not least, we have highly-skilled employees at our existing plant, which will also ensure the success of the new project.”
The existing films facility, starting operations in January 2007, produces Makrofol polycarbonate and Bayfol polycarbonate blend films, which are used in industry sectors such as security and ID cards, automotive, medical, as well as electrical and electronics. Also, the existing unit produces a selection of grades including new optical grades. The new facility will be capable of extending the range of products in response to market demand.