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Wednesday - September 18, 2019

Innovation Center Japan upgrades its research lab

Covestro accelerates global R&D network

New R&D capabilities contribute to strong Japanese industry / Benefiting automotive and construction customers
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Upgraded R&D lab for the Japanese market: a new high performance polyurethane R&D installation supports the customers to prototype larger PU panels.

Covestro is further accelerating its global R&D capabilities. The Innovation Center Japan (ICJ) is now ready and equipped to further provide innovative solutions and material developments focusing especially on automotive and construction segment. The laboratory upgrade will further increase the prototype capabilities to create innovative solutions for Japanese industrial partners and customers.

The center started as technical division of Japanese joint venture Sumika Covestro Urethane, who marked its 50th anniversary on September 1st, 2019. Business Units Polyurethanes (PU) and Coating, Adhesive and Specialties (CAS) started technical activities in 1971, followed by Business Unit Polycarbonates (PCS) in 2009. Since then, the Innovation Center Japan has played an important role as an integral part of the Covestro R&D global network including Germany, the United States and China.

“The renewal of the Innovation Center Japan lab area will enable closer and more intensive cooperation with global leading companies in Japan. The joint innovation power is a main driver for our success in key industries,” said Dr. Markus Steilemann, CEO of Covestro, who celebrated the lab inauguration with the Japanese team.

For example, a new high performance PU R&D installation with power assist devices supports the customers to prototype larger PU panels. Another example is the two-component injection molding installation and DirectCoating DirectSkinning (DCDS) technology from Business Units PCS and CAS to drive innovation with Japanese partners and customers.

In addition to the upgraded lab, the “Customer Experience Center Lounge” is opened to enhance interactions in value added innovation and better involve Japanese customers. It will be positioned as the point of intersection between latest global technical trends from Covestro worldwide and ideas from customers.

Covestro’s Innovation Center Japan accelerates digital R&D
Digitalization is one of the important pillars of Covestro’s innovation strategy. The newly equipped lab is now expanding its digitalization in R&D by focusing particularly on data driven development with newly hired data scientists. Further, simulation, hardware installation, and laboratory automatization will be developed in close collaboration with the Covestro global digital R&D network.

About Covestro:
With 2018 sales of EUR 14.6 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, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. Covestro has 30 production sites worldwide and employs approximately 16,800 people (calculated as full-time equivalents) at the end of 2018.

Find more information at www.covestro.com.
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Forward-looking statements
This news 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.