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Covestro Lifts Force Majeure on PUR Raw Materials

Published on 2016-12-28. Author : SpecialChem

Covestro

Covestro has lifted the force majeure on the polyurethane raw materials MDI and TDI in Europe that it declared in October 2016.


Nitric Acid Supplier Re-starts Production


A raw material supplier which had experienced an outage had lifted its own force majeure and began to supply Covestro with nitric acid once again. Covestro therefore was able to resume full deliveries of MDI, TDI and by-products.

During the force majeure period, Covestro made considerable efforts to compensate for the missing raw materials by making alternative purchases from other suppliers. Moreover, the company kept its customers and suppliers informed about the situation and helped them find alternate solutions.

Covestro does not expect the force majeure situation in Europe to have any negative effects on the company’s declared business targets for 2016.

About Covestro

With 2015 sales of EUR 12.1 billion, Covestro is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. Covestro, formerly Bayer MaterialScience, has 30 production sites around the globe and as of the end of 2015 employed approximately 15,800 people (full-time equivalents).

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Source: Covestro
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