Thermoplastic Polyurethanes can be found in many applications – for example in mobile phone cases, whose manufacturers are located in southern China. It will be completed by 2033 and is said to have a capacity of 120,000 tons of TPU/year.
New site to be built in Zhuhai, South China, with an annual capacity of 120,000 tons of TPU per year after final phase of expansion
Expansion to happen in three phases: First phase to be completed in late 2025, final phase to be completed in 2033
Covestro will build its largest Thermoplastic Polyurethanes (TPU) site in Zhuhai, China. With an overall investment in the low three-digit million Euro range it will also be the company’s largest investment in its TPU business.
TPU are a highly versatile plastic material, a real multi-talent that offers a broad range of properties for a diverse set of applications like sports shoe soles, IT devices such as sweepers, smart speakers and phonecases or automotive applications.
Located in the Zhuhai Gaolan Port Economic Development Zone in Guangdong province, the new site will eventually span across 45,000 square meters. It shall be completed by 2033 and is expected to achieve a production capacity of nearly 120,000 tons of TPU per year.
It will be built in three phases. The mechanical completion of the first phase is estimated for the end of 2025. This will lead to a production capacity of about 30,000 tons per year and the creation of about 80 new jobs. The initial investment for this phase lies in the mid double-digit million Euro range.
“This investment shows our ongoing commitment to growth in our Solutions & Specialties business entities”, said Covestro CCO Sucheta Govil. “With this new plant for TPU we want to capture the expected fast and high market growth of the TPU market globally, and especially in Asia and China. The production site will be able to serve both the growing Asian markets, as well as demand in Europe and North America.”
Post time: Mar-03-2023