Covestro, one of the world’s leading polymer providers, announced today the completion of thermoplastic polyurethane (TPU) capacity expansion at its Changhua manufacturing site in Taiwan. This comes after the successful expansion in New Martinsville in the US and the takeover of the majority of the Japan Joint Venture, all happening within 12 months. With the expansion, the site’s production capacity increased by 30%, an important step to benefit from the growing demands in the APAC region.
TPU is a highly versatile elastomer that offers both superior performance as well as flexibility. It has various applications from footwear, automotive all the way to IT. Changhua site’s proximity to ASEAN is also an advantage as it gives Covestro the upper hand, especially in industries such as footwear.