● The new TPU base is located in Zhuhai, Guangdong, and the final annual production capacity will reach 120,000 tons
● Construction in three phases: the first phase is planned to be completed by the end of 2025 and completed in 2033
● The total investment of the project is about hundreds of millions of euros
● Equipped with an innovation center to collaborate with customers to accelerate product development and formula adjustment
There are many mobile phone case manufacturers in South China, and mobile phone case is one of the wide application fields of TPU materials.
Climbing shoe soles are one of the many application fields of TPU, and South China is an important production area for such products.
Covestro announced that it will invest hundreds of millions of euros in Zhuhai, Guangdong to build its largest thermoplastic polyurethane (TPU) production base, which will also be the largest investment project for the company’s TPU business. TPU has many properties and is used in a wide range of applications, including the soles of sports shoes, electronic devices such as robot vacuums, smart speakers and mobile phone cases, as well as various automotive applications. The project also reflects Covestro’s commitment to continuously invest in strengthening its “Solutions and Specialty Chemicals” business segment.
“Through this major investment, we will further expand our presence in China and seize the strong growth momentum of the global TPU market.” said Lei Huanli, President of Covestro China, “The new base will have advanced production and innovation capabilities, and is expected to Contribute to the high-quality development of China and the entire Asian market.”
The new base is located in the Zhuhai Gaolan Port Economic Zone. After it is fully completed in 2033, it will have an annual production capacity of nearly 120,000 tons of TPU, covering a total area of about 45,000 square meters. 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 construction by the end of 2025, realize an annual production capacity of about 30,000 tons, and create about 80 jobs.
Lisa Ketelsen, Head of Asia Pacific, Covestro Thermoplastic Polyurethanes Division
Said: “As the world’s leading supplier of high-quality high polymers, Covestro hopes to work with customers to create more innovative technology and material solutions. By choosing Zhuhai, we will continue to fully integrate into China’s world-renowned IT and consumer electronics and footwear value chain, while supporting Asia Pacific and global customers. We will be able to deliver more sustainable solutions faster and more flexibly.”
Andrea, Global Head of Covestro’s Thermoplastic Polyurethane Division
Dr. Maier-Richter said: “It is a pleasure to share this important news for our business unit. Most of the TPU market demand and growth prospects come from Asia, especially China. The new investment plan clearly shows that we want to cooperate with customers, Partners maintain a long-term cooperative and win-win relationship.”
The new investment project will also include an innovation center, where resident researchers will be responsible for customizing material formulations or formula adjustments to quickly respond to customer needs. Developing sustainable and more circular solutions is one of its long-term core goals. It will also help strengthen Covestro’s recently launched line of sustainable “CQ” products, which must contain at least 25 percent alternative non-fossil raw materials. In addition, the base will be equipped with the most advanced production technology and use 100% green electricity. The product line will cover injection-grade TPU grades for shoe materials and various electronic devices, as well as extrusion-grade grades for cables, hoses and pipes or automotive parts.
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