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Covestro lifts FM on TDI plant in Germany

November 11/2020

MOSCOW (MRC) -- Covestro has lifted force majeure at its 270,000-metric tons/year toluene diisocyanate (TDI) plant in Dormagen, Germany, said Chemweek.

"We have lifted the force majeure for TDI in the EMEA [Europe, Middle East, and Africa] region on 1 November. Our TDI plant in Dormagen is up and running," says a spokesperson.  The company declared force majeure mid-October, following the failure of a central pump at the facility, affecting all of its TDI products in the EMEA region. The plant had been undergoing maintenance and was originally expected to restart mid-October.

"The producer is recovering slowly but has not started the plant fully due to some challenges, according to a market source. They are still sourcing some TDI from their other plant in China, the source adds.

Covestros TDI plant in Shanghai, China, has a capacity of 275,000 metric tons/year, according to IHS Markit data. Covestro took this TDI unit offline for 30 days from 22 October, and will supply from inventories, according to James Elliott, principal research analyst at IHS Markit.

As MRC informed earlier, Covestro has launched a new production line for polycarbonate (PC) films in the Map Ta Phut Industrial Estate in Thailand.

As MRC reported earlier, Covestro has closed the sale of its European polycarbonates (PC) sheets business to the Munich-based Serafin Group effective January 2, 2020. This includes key management and sales functions throughout Europe as well as production sites in Belgium and Italy.

According to MRC's ScanPlast report, overall estimated consumption of PC granules in the Russian market reached 58,000 tonnes in January-July 2020, up by 22% year on year (47,500 tonnes).

Covestro (formerly Bayer MaterialScience) is an independent subgroup within Bayer. It was created as part of the restructuring of Bayer AG from the former business group Bayer Polymers, with certain of its activities being spun off to Lanxess AG. Covestro manufactures and develops materials such as coatings, adhesives and sealants, polycarbonates (CDs, DVDs), polyurethanes (automotive seating, insulation for refrigerating appliances) etc. With 2019 sales of EUR12.4 billion, Covestro has 30 production sites worldwide and employs approximately 17,200 people (calculated as full-time equivalents) at the end of 2019.


mrcplast.com
Author:Anna Larionova
Tags:petroleum products, PP, PE, neftegaz, petrochemistry, Covestro.
Category:General News
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