Covestro suspends plant closure as MDI demand pi - sportstextiles: Lea SportsTextiles

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Covestro suspends plant closure as MDI demand picks up

16/03/2017
Polymer manufacturer Covestro has reversed a decision to close one of its factories in Spain because demand for its MDI product has picked up. MDI (methylene diphenyl diisocyanate) is a precursor for manufacturing foam materials; globally, Covestro is the largest producer of MDI.

It had intended to close its factory in Tarragona, on Spain’s east coast, by the end of 2017 but said on March 16 it was “suspending” this decision owing to “significant increase in demand for MDI”.

“This is good news for the Tarragona site and our employees,” said Andrea Firenze, Covestro’s managing director in Spain.

Related stories:

Covestro CEO to step down earlier than expected 16/04/2018
Covestro selects winners of employee start-up challenge 28/02/2018
Covestro helps Atom Lab solve adhesive challenge 19/02/2018
Six-project shortlist for Covestro’s start-up challenge 06/11/2017
Insqin reduces coating’s carbon footprint by half, says Covestro 05/09/2017
Covestro loses chief financial officer 06/06/2017
Covestro to have new CEO in 2018 25/05/2017

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