News by Covestro 24

Formulators working on high-performance polyurethane coatings now have access to expanded regional supply of HDI derivatives, following Covestro's acquisition of two former Vencorex production sites in Rayong, Thailand, and Freeport, Texas. The acquisition expands Covestro's production footprint for HDI derivatives in two key regions and is intended to increase supply flexibility and reliability for customers in the coatings and adhesives industry.

The two sites, located in Rayong, Thailand, and Freeport, Texas, were formerly part of Vencorex's production network for HDI derivatives. Covestro states the acquisition strengthens its regional production capabilities and improves its ability to supply customers from locations close to them.

"By adding these sites in Thailand and the US, we are strengthening our regional production capabilities and improving our ability to supply customers from locations close to them," said Thomas Roemer, head of the business entity Coatings and Adhesives at Covestro. "Reliable supply, regional availability and technical expertise are critical for our customers, especially in a challenging market environment. This acquisition helps us deliver even better on those needs."