Covestro,
one of the world’s leading polymer providers, announced today the completion of thermoplastic polyurethane
(TPU) capacity expansion at its Changhua manufacturing site in Taiwan. This
comes after the successful expansion in New
Martinsville in the US
and the takeover of the majority of the Japan Joint Venture, all happening within
12 months. With the expansion, the site’s
production capacity increased by 30%, an important step to benefit from the
growing demands in the APAC region. TPU is a highly versatile elastomer that
offers both superior performance as well as flexibility. It has various
applications from footwear, automotive all the way to IT. Changhua site’s
proximity to ASEAN is also an advantage as it gives Covestro the upper hand, especially in industries such as
footwear.
The
global TPU market is expected to grow at 6% in the forecast period 2017 to 2022,
and the majority of such growth will come from the APAC region. “One of our strategies
is to participate in this growth with our capacity expansion,” said Dr. Stephan
Ehlers, Head of TPU Production & Technology. “It will allow us to better serve our customers, meet the rising
market demands and also sustain our strong presence in the APAC region.”
“The
Changhua site is Covestro’s largest TPU production site in Asia, supported by Covestro’s
APAC TPU Research and Development Center,” said Dr. Thomas Roemer, Global Head
of Thermoplastic Polyurethanes. “With the capacity expansion, we will cater to
the market’s needs in APAC with diverse and innovative products, such as
bio-based TPU.”
Excellent properties for different product variants
TPU
has several outstanding properties, including light weight, comfortability, high
abrasion resistance, high shear strength, high elasticity, recyclability and
resistance to oil and grease. These qualities therefore make it a sensible and
appealing replacement for certain material solutions, which in turn further boosts its market demand.
For
instance, in the footwear sector, TPU can be used for several parts, such as
uppers, shanks, insole, midsole, outsole, heel cups as well as logo on shoes. Knitting
technology is increasingly being adapted for the uppers on sports shoes – a
single knitting process allows a stylish design while saving material use per pair of shoes. To catch up with this
trend, Covestro has taken a further step forward to develop this unique,
innovative TPU fiber that can be seamlessly integrated into the
state-of-the-art knitting technology for footwear applications.
Covestro
has had roots in Taiwan for decades and serves as one of the most important innovation
partners for the IT and shoe industries. Meanwhile, with more and more footwear
supply chains moving to ASEAN, Taiwan now has the advantage of being close to
these nations. “We look forward to best utilising and showcasing Taiwan’s
innovation potential to further create synergy and in return, create product that
push the boundaries of technology,” said Michael Lee, Managing Director of
Covestro Taiwan.
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