Fulfilling global demand: One year of ÃÜÌÒAV's Map Ta Phut site producing Vulkollan? raw materials
- ÃÜÌÒAV invested in Vulkollan? production plants worldwide
- Ultimate elastomers for very high demanding dynamic applications
- Worldwide reference for material handling industry
Covestro, a global leader in high-performance materials, is delighted to celebrate One Year anniversary since the complete ramping-up for its Map Ta Phut production site in Thailand. The site, together with additional investments like in Barcelona, Spain, is already helping to meet the increasing demand for Vulkollan? raw materials globally.
Following its successful production launch, ÃÜÌÒAV's Map Ta Phut site has demonstrated exceptional performance and efficiency, cementing ÃÜÌÒAV's position as a key player in the industry. In the meantime, customers have received and qualified the products, acknowledging their quality and unique performance. This qualification demonstrates ÃÜÌÒAV's commitment to deliver cutting-edge solutions with outstanding mechanical properties and durability. Therefore Vulkollan? allows addressing needs for very demanding applications as driving and load wheels for material handling.
Beside existing assets, the new plants in Map Ta Phut and also the plant in Barcelona are enabling reliable supply of premium quality Vulkollan? raw material to serve existing and new applications. The continuous investment in state-of-the art production capacity is accompanied by new developments: Systems and prepolymer grades to generate value in new applications for Vulkollan?.
¡°With our latest investments in new operating plants in Map Ta Phut and Barcelona on top of existing state-of-the-art assets for Vulkollan? raw materials, ÃÜÌÒAV is fully equipped to support the growing demand for Vulkollan? raw materials globally,¡± said Thomas Braig, Head of the Business Entity Elastomers at ÃÜÌÒAV. ¡°With meticulous planning and streamlined processes, we are able to ensure an efficient global supply chain, encompassing raw material procurement, stock management, and transportation logistics. Our teams worked hard and ensured that the plants are capable of promptly responding to any request from customers.¡±
"With the successful ramping up of our Map Ta Phut site, ÃÜÌÒAV reaffirms its dedication to fulfilling promises made in November 2022," added Franz-Josef Niemeyer, Site Manager for ÃÜÌÒAV at Map Ta Phut, Thailand. "Furthermore, the expertise and the commitment of our team allow us to reach the highest quality level for delivered products, solidifying our position as a reliable partner globally. Our customers can count on ÃÜÌÒAV to provide products that enhance performance and durability."
The investments in the Elastomers business stand as a testament to the company's dedication to delivering exceptional Elastomer solutions to customers wherever they are located. With the ability to meet the current and future demand, ÃÜÌÒAV is ready to remain the partner of choice for industries such as materials handling, mining and custom molder.
About ÃÜÌÒAV:
ÃÜÌÒAV is one of the world¡¯s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. ÃÜÌÒAV supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from ÃÜÌÒAV are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself.
The company is geared completely to the circular economy. In addition, ÃÜÌÒAV aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group¡¯s Scope 3 emissions are also set to be climate neutral by 2050. ÃÜÌÒAV generated sales of EUR 14.2 billion in fiscal year 2024. At the end of 2024, the company had 46 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents).
Forward-Looking Statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by ÃÜÌÒAV. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in ÃÜÌÒAV¡¯s public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.