Covestro Expands HDI Derivatives Production Network with Two Site Acquisitions

Covestro has completed the acquisition of two former Vencorex production sites for HDI derivatives in Rayong, Thailand, and Freeport, Texas.

According to the company, the acquisitions expand its global production footprint and strengthen regional supply capabilities for customers in the coatings and adhesives industry. The two facilities complement Covestro’s existing HDI derivatives network across Europe, Asia, and North America.

Thomas Roemer, Head of the Business Entity Coatings and Adhesives at Covestro, said the additional sites are intended to improve the company’s ability to supply customers from production locations closer to their operations. He noted that regional availability, reliable supply, and technical expertise remain important considerations for customers in the current market environment.

Covestro stated that the added capacity will support customer demand and long-term growth in high-performance and more sustainable coatings and adhesive applications.

Monique Buch, Chief Commercial Officer at Covestro, said the transaction strengthens the company’s ability to provide consistent quality, regional supply, and application expertise over the long term.

The acquisition follows Covestro’s earlier purchase of the Resins & Functional Materials business from DSM and additional investments in coatings and adhesives production capabilities.