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Tuesday - October 20, 2015

New partnership with Xiefu

Covestro further expands INSQIN® Partner Manufacturer Program

Leading PU coated fabric producer Xiefu join the certified manufacturer network to promote efficient and sustainable PU materials
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After the signing: Nick Smith, Global Head of Textile Coatings at Covestro (left), and Xue Taiwen, General Manager and Director of Kunshan Xiefu New Material Co., Ltd., are looking forward to their new partnership.

World-leading polymer materials supplier Covestro is extending its INSQIN® Partner Manufacturer Program with the newly signed partner, Kunshan Xiefu New Material Co., Ltd., a China-based producer of PU coated fabric for global markets. The two companies will collaborate to promote sustainable PU materials in sectors such as fashion apparel and footwear, to name a few.

Launched in July 2015, the INSQIN® Partner Manufacturer Program connects manufacturers and brand owners across the polyurethane (PU)-coated fabric supply chain. Partners must demonstrate an ongoing commitment to sustainability and transparency, using Covestro’s waterborne, PU coating technology and industry-leading processes to meet the emerging sustainability needs of brand owners.

Xeifu is the second company to earn a place in the prestigious Program, after Korean PU synthetic materials manufacturer Duksung Co., Ltd. It is also the first Chinese company joining the Program.

“A growing number of brands and retailers are becoming interested in sourcing sustainable materials, and further, they need more assurances about the origins and integrity of those materials. The Program was developed to link these brands with manufacturers capable of efficiently delivering innovative materials and sustainability best practice,” said Nick Smith, Global Head of Textile Coatings, Covestro. “We are proud to welcome Xiefu to the Program and look forward to supporting the growth of sustainable PU-coated textiles for the fashion apparel and footwear market worldwide.”

Under the Program, Covestro will provide world-class technical support to help Xiefu further develop its use of the INSQIN® technology. Xiefu will also receive verification of its production processes and management systems via a globally recognized third-party audit.

“Xiefu is committed to customer-centric innovation and sustainability to serve the world’s most demanding brands. We are pleased to be recognized as a key partner of Covestro, with the technology, processes and skills to deliver exciting new PU products through sustainable manufacturing,” said Sun Guohao, Chairman of Kunshan Xiefu New Material Co., Ltd. “As a mark of our quality and professionalism, our validation as an INSQIN® Partner Manufacturer will help bring new business opportunities by connecting us with brand owners and retailers that want to source sustainable PU-coated materials.”

About Covestro:
With 2014 sales of EUR 11.7 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 around the globe and employed approximately 14,200 people at the end of 2014.

About Kunshan Xiefu New Material Co. Ltd.:
Kunshan Xiefu New Material Co., Ltd. was established in March 1989, our company covers an area of 220 acres. We have 1000 employees. The total capital is 320 million RMB. Our brand is deemed as Chinese famous brand by China State Administration for Industry and Commerce. Our company is listed as Chinese famous brand by National Bureau of Quality Inspection and Chinese Names of Selection Committee. Xiefu brand synthetic leather products are rated as ecological synthetic leather trademark. Kunshan Xiefu New Material Co., Ltd. focuses on research and development. We have imported equipment and technology from Italy, Japan, Korea and Taiwan, and have more than 20 following lines and 60 post-processing apparatus, such as Dry PU /PVC artificial leather production lines, electrostatic flocking production line, wet PU synthetic leather production line, waterproof and breathable production line. The annual capacity could reach up to 40 million meters. Xiefu products are widely used in manufacturing clothing, footwear, luggage, sofa, electronics and etc. Xiefu and Japanese ACHILLES CORPORATION mutually invested for the establishment of Kunshan Achilles Artificial Leather Co., Ltd. We import Japanese equipment, process and technology for manufacturing leather used in cars.


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 Deutschland 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 on the Covestro website 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.