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Tuesday - November 10, 2015

New partnership for INSQIN®

Covestro and ISOTEX announce joint program to promote waterborne PU technology for textiles

ISOTEX Engineering, a SANTEX GROUP company, announces a joint program with Covestro to develop and market technologies for PU synthetics, technical textiles, films and foams based on INSQIN® waterborne polyurethane technology.

ISOTEX Engineering has announced a new agreement with Covestro, using INSQIN® technology to develop total solutions for the textile industry. The two companies will jointly promote environmentally-friendly solutions for PU coated fabrics, addressing the emerging requirements from the sportswear, fashion and automotive industries.

ISOTEX Engineering machines will guarantee optimal production standards using INSQIN® technology. The new line of machines will be designed for using INSQIN® technology with process innovation from ISOTEX Engineering, to produce waterborne PU synthetic materials and other coated textiles.

Nicholas Smith, Global Head of Textile Coatings of Covestro said, “Continuous innovation in textile machine technology is just as important for the industry as innovation in chemistry. For this reason we are delighted to collaborate with Isotex.”

Stefano Gallucci, CEO of ISOTEX Engineering and Santex Group said, “We believe waterborne products are the future. Technology and chemistry are ready after years of R&D efforts. We are very honored of this partnership with Covestro and working worldwide with our clients to help them with this new rich market opportunity.”

About Covestro:
With 2014 sales of EUR 11.8 billion, Covestro is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and sports and leisure industries. Covestro, formerly Bayer MaterialScience, has 30 production sites worldwide and employs approximately 15,700 people (calculated as full-time equivalents) at the end of September 2015.

About ISOTEX:
ISOTEX Engineering (www.isotexengineering.com), a member of SANTEX Group, is a specialist producer of technologies for the production of technical textiles and composite materials. Founded in 1957 it has over 1,500 clients worldwide and a tradition of innovation and customer oriented service.


Find more information at www.covestro.com.
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Forward-Looking Statements
This release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.