On February 23, Covestro announced that it will invest hundreds of millions of euros in Zhuhai, Guangdong The construction of its largest thermoplastic polyurethane (TPU) production base will also be the largest investment project for Covestro’s TPU business.
The new construction base is located in Zhuhai Gaolan Port Economic Zone, with a total area of about 45,000 square meters, and will have an annual production capacity of nearly 120,000 tons of TPU after it is fully completed in 2033. The project will be constructed in three phases. The first phase plans to invest tens of millions of euros. It is expected to complete the mechanical completion by the end of 2025, achieve an annual production capacity of about 30,000 tons, and create about 80 jobs. In addition, the base will be equipped with the most advanced production technology and use 100% green electricity.
The product line will cover injection-molded TPU for shoe materials and various electronic devices specifications, as well as extrusion-grade specifications for cables, hose and tubing or automotive components. The production base will be equipped with an innovation center to collaborate with customers to accelerate product development and formula adjustment, and will develop sustainable and more circular solutions.
Content source: Interface news, edited by Tiantian Chemical Network
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