Media
rainbow
Monday - January 25, 2016

Start of construction for new coextrusion plant

Covestro expanding film production in Dormagen

Investment of roughly EUR 20 million / 15 new jobs / Diverse applications
more imagesdownload
The team of the Coatings, Adhesives, Specialties Business Unit of Covestro is pleased with the start of construction of its new production plant (from left to right): Dr. Udo Pankoke and Dr. Thorsten Dreier (Production & Technology), Peter Kruppa (Business Planning, Strategy and Administration), Michael Hellemann Soerensen (Commercial Operations), logistic expert Rene Ahlers (second from right) as well as Nina Schmarander and Patrick Barth (rightmost) from the Specialty Films section.

Covestro is expanding its production capacity for polycarbonate films at the Dormagen site. The company is investing roughly EUR 20 million in the construction of a new coextrusion plant for high-quality, multilayer flat films, including the associated infrastructure and logistics. The plant is scheduled to come on stream in 2017. The products are used in security cards, automotive interiors, medical devices and displays. 15 new jobs will be created for the operation of the plant.

“With this investment we are significantly expanding our films business,” said Daniel Meyer, head of the Coatings, Adhesives and Specialties Segment. “At the same time, we are expanding our range of tailored products, which offer added value along the entire value chain.”

Nina Schmarander, global head of Specialty Films at Covestro, added:
“With the new plant, we are orienting ourselves more than ever on market trends and the rising demand for high-quality flat films. For us it is a further developmental step for multilayer film structures, such as those used for counterfeit-proof identity cards.”

Three competence centers manage development in Europe
Covestro offers a diverse range of polycarbonate and thermoplastic elastomer films for a wide variety of applications, as well as a range of high-quality specialty films. Development activities in Europe are managed by three competence centers in Dormagen, Leverkusen and Bomlitz, Germany. They are equipped with state-of-the-art production, processing and testing systems.

Specialized on polycarbonate flat films, the center in Dormagen is home to production, a technical center for film processing, a showroom and two research laboratories, which have been totally re-equipped. The other two competence centers located in Leverkusen and Bomlitz are dedicated to film coating and thermoplastic elastomer films, respectively.


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.


Find more information at www.covestro.com.
Follow us on Twitter: www.twitter.com/CovestroGroup

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 and Bayer’s public reports which are available on the Covestro website at www.covestro.com as well as on the Bayer website at www.bayer.com. Covestro and Bayer assume no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.