Covestro Acquires Former Vencorex Sites in Thailand and the U.S.

Covestro has completed the acquisition of two former Vencorex production sites for HDI derivatives in Rayong, Thailand, and Freeport, Texas, USA. The acquisition expands the company's global manufacturing footprint for HDI derivatives, reinforcing its presence in two key markets and enhancing supply flexibility and reliability for customers in the coatings and adhesives sector.

HDI derivatives are critical components in high-performance polyurethane coatings, adhesives, and sealants, serving a wide range of applications, including automotive, infrastructure, marine, wood furniture, electronics, and other industrial markets.

Thomas Roemer, Head of the Business Entity Coatings and Adhesives at Covestro, said "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".

" 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"

Source: Covestro