Covestro Commences New TPU Production Site in South China

Covestro has launched the production at its new thermoplastic polyurethanes (TPU) manufacturing site in Zhuhai, a coastal city in South China. The first phase, representing a mid-double-digit million-euro investment, will produce approximately 30,000 tons of TPU annually, meeting growing demand for this versatile material across industries including IT, automotive and footwear. The investment in this entirely new site, originally announced in 2023, marks a significant milestone in Covestro’s region-for-region strategy and its commitment to growth in its Solutions & Specialties business. The Zhuhai site will be developed in three phases across a 45,000-square-meter area, with maximum production capacity estimated to reach 120,000 tons a year upon completion of the final phase, expected in the 2030s. This will then make it the company’s largest TPU production facility globally. The Zhuhai site will be strategically supported by a regional TPU R&D Center in Changhua and a new TPU application development (AD) center in nearby Guangzhou, which integrate technical acumen with innovative solutions and tailored services. To identify growth opportunities in Thermoplastic Polyurethane Market Report: Trends, Forecast and Competitive Analysis to 2030, please visit https://www.lucintel.com/thermoplastic-polyurethane-market.aspx