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Author: Möbelfertigung

EPF

Strong 2021 results but is cautious for 2022

EPF, the European Wood-based Panels Federation, proudly welcomed more than 150 participants to its AGM 2022 on 29 June-1 July in Ghent Belgium. The gathering was wonderfully hosted by EPF National Association member Fedustria, the Belgian federation of the textile, wood and furniture industries and its member companies Unilin and Norbord West Fraser Belgium.

EPF was delighted to announce strong results from 2021, with an overall production increase of 9.8%. All product types recorded increases from the previous year, and each exceeded pre-pandemic levels, showing the resilience of the sector and the growing interest of the public in nature-based materials such as panels. However, it was noted that these results should be treated with caution in terms of how 2022 might develop.

Martin Brettenthaler, EPF Chairman, commented: “Like the city of Ghent, our sector has always been innovative, dynamic and sustainable. I am confident that this will help us to find opportunity in today’s turmoil, but this is no longer business as usual. That is why we need our politicians to help secure the energy we need, and the wood we require, but not by burning the latter to supply the former. That is not the solution either in the long, medium or short-term.”

5 Strategic Directions: Martin Brettenthaler launched EPF’s 5 new Strategic Directions: Role Model Industry, Climate, Wood Availability, Harmonisation and Regulation. These were accompanied by a short video and a fact sheet and may now be found on EPF’s website: www.europanels.org. The 5 Strategic Directions are the focus areas of EPF’s work in the coming years.

Elections: EPF’s General Assembly accepted the resignation of Bernard Thiers, CEO of Unilin as Vice-Chairman and Managing Board Member, thanking him warmly for his many valuable years of service and support. Replacing Thiers, Pablo Figueroa López, Executive Committee member of Finsa, was chosen as the new Vice-Chairman and Veronique Hoflack, President of Unilin Panels, was elected to the Managing Board.

Era of sustainability: Despite the turbulent times bringing a multitude of challenges, EPF looks forward to playing its role as a role model industry in the economy, in the environment and in society during the coming years. This was symbolised by the ringing of the wood-based panels bell by Martin Brettenthaler and Veronique Hoflack. With this, EPF hopes to usher in a new era of sustainability in construction, furniture, packaging and other markets served by innovative, climate-smart wood-based panels.

On a good course

Since February, companies have been able to register for “Drupa” 2024 and a very positive trend is already emerging. Well-known global players and newcomers along the entire value chain in the print and packaging industry from a total of 32 countries are already on board.

The momentum is gaining momentum and it is evident that “Drupa” 2024 will once again underline its status as the no.1 for Printing Technologies. Under the motto “we create the future,” “Drupa” will present the visions of the print and packaging industry as a global meeting place. This time, the focus will be particularly on the megatrends of sustainability and digitization and their influence on processes, products, sustainable business models and the future of the industry.

“The current booking status, feedback from exhibitors on impressive stand concepts, planned product premieres and live presentations of machines are building up the excitement for the global community and make us very optimistic,” says a delighted Sabine Geldermann, Project Director Print Technologies Messe Düsseldorf. “The industry has once again proven its indispensable relevance with its broad range of applications in so many vertical markets – especially in times of crisis.”

The clear commitment of Kurz, one of the world leaders in thin-film technologies, represents a major commitment, as the company – having already been a Platinum Partner of “Virtual.drupa” – will again be an exclusive partner of “Drupa” 2024.

The next “Drupa” will take place from May 28 to June 7, 2024 at the Düsseldorf exhibition center. Exhibitors can register online via www.drupa.de until the end of October 2022.

Among France’s “Best Managed Companies” 2022

Lectra, whose connected industrial equipment and software facilitate the digital transformation and Industry 4.0 transition of fashion, automotive and furniture companies, announces that it has been named one of the 11 French companies selected for the 2022 edition of Deloitte France’s Best Managed Companies program.

Established 30 years ago by Deloitte Canada and launched in France at the end of 2021, this program recognizes excellence in companies that stand out for the quality of their management and their performance, through a rigorous and independent selection process. Companies are assessed on their long-term strategy, talent management, innovation capacity and CSR policy, as well as their governance and financial management. On one hand, these criteria assess the company’s distinguishing features and, on the other hand, its capacity to address current and future challenges.

“For this first edition, I am delighted to announce that Lectra is one of the companies to have obtained our Best Managed Companies mark of excellence,” says Eric Forest, Deloitte Private Associate and Head of the Best Managed Companies program. “Throughout the selection process, Lectra shone through with its extensive strategic vision, solid financial and innovative culture, and its ability to decrypt trends in order to adapt its solutions to changes and the needs of its different markets. This enables Lectra to be a strategic partner to guide its customers in their digital transformation.” Thanks to its capacity to develop innovations, be that with equipment, software or services, and its mastery of technologies such as IoT, the cloud, artificial intelligence and big data, Lectra plays a key role in helping fashion, automotive and furniture industry players evolve towards Industry 4.0.

“Obtaining the Best Managed Companies mark of excellence is great recognition for all of our teams at Lectra. I would like to thank all Lectra employees for this collective achievement,” says Daniel Harari, Lectra’s Chairman and CEO. “The work we have carried out together has enabled Lectra to become a global technological leader. This recognition inspires us to continue with our commitment to the Industry 4.0 revolution and to the success of our customers.”

Elects Marina Bill as new President

The Executive Board of the International Federation of Robotics (IFR) has elected Marina Bill of ABB as its new President. Kenji Yamaguchi of Fanuc appointed as IFR´s new Vice President.

“I am honored to head the IFR as President and serve our industry and I thank the members of the IFR for their trust and support,” said Marina Bill. “The unprecedented pace of change we’re experiencing in global business provides a historic opportunity to shape industry for the next generation. Robotics and automation create flexible, sustainable and efficient solutions for businesses of all sizes that minimize cost, promote resilience and benefit society.”

Bill thanked her predecessor for his work: “Milton Guerry took office at the starting point of the COVID-19 pandemic and served the industry dealing with a great number of challenges. He worked relentlessly as our ambassador and I am proud to continue this mission together with our new Vice President, Kenji Yamaguchi.”

Marina Bill heads Global Marketing & Sales for ABB’s Robotics business which has approximately 11,000 employees, operating in over 100 locations in 53 countries. She has over 25 years of experience in a number of management and sales and marketing roles across automation at ABB. The Swedish and Swiss national holds a Master of Science degree in Industrial Engineering and Management from The Royal Institute of Technology in Stockholm.

Kenji Yamaguchi has been serving as Representative Director, President and CEO of Fanuc Corporation since April, 2019. After joining the company in April, 1993, he started his career with research and development of industrial robots, and has contributed to the development of several successful models. His main past responsibilities include heading the Production Engineering Department and Production Division, along with the CNC Business Division. He completed the master’s course at the Department of Precision Mechanical Engineering, Graduate School of Engineering, the University of Tokyo in March 1993.

Renewed sales growth despite tougher market conditions

The Höchst-based hardware specialist Blum can once again look back on an exceptionally good fiscal year, closing the 2021/22 fiscal year as of June 30, 2022, with an 11.2 percent increase in sales and group sales of 2,643.65 million euros. This corresponds to an increase in sales of 266 million compared to the previous year.

Philipp Blum, Managing Director of Julius Blum GmbH, emphasized during today’s press conference that global demand for kitchens and furniture remains at a high level despite the tense economic situation. “The homing trend, living and furnishing, was again high on consumers’ minds last year. We see a really long-term, resilient trend of willingness to invest in a high-quality furnished home,” says Philipp Blum

Despite all the economic adversity with the Corona pandemic – which again played a major role -, problematic material availability, permanently rising material prices and, most recently, Russia’s declaration of war on Ukraine, Blum managed to increase sales in almost all markets. “In Europe, the German, Italian and UK markets did very well,” reports Philipp Blum. “Despite ongoing, very restrictive lockdowns in China, the Asia-Pacific region grew as a sales market for us. We are feeling a slowdown in Eastern Europe, not least because we have stopped deliveries to Russia, even though we have our own subsidiary there – and yet sales in Eastern Europe increased overall. The South American markets are suffering from more difficult transport conditions with a lack of containers and ships, increased logistics costs and the like, and yet we had growth there as well.”

Blum is currently benefiting from the fact that strategic investments are regularly made worldwide. “Wherever a market allows, we will produce regionally on a fully integrated basis. At the same time, this makes us a bit independent of general logistics problems and rising prices.” In the past fiscal year, 339 million euros were invested in the expansion of production facilities, as well as regional exhibitions at the 33 subsidiaries, improved logistics producers and the like. The Vorarlberg-based family business made 66 percent of its investments in its home region, and 34 percent internationally. Poland is a good example: The location developed in the past from a logistics hub to production, in the fall of 2023, another production expansion should be completed and also in China, despite all the challenges, a new plant with 60,000 square meters could “go online” this spring.

Another investment focus for Blum is decoupling from fossil fuels. “This will not happen overnight, and in many places fundamental technical developments are still lacking,” affirms co-managing director Martin Blum. “And yet we want to set a good example and are giving thought to many areas, currently especially how and where we can make ourselves completely independent of Russian gas.” Activities in renewable energies on the part of Blum are diverse and range from a continuous conversion of the 13 internal shuttle trucks to bio-gas, the use of solar energy and hydropower as well as heat recovery in the plants. “In Vorarlberg, Plants 7 and 8 are already operating completely independently of fossil fuels,” says Martin Blum.

Despite all the economic difficulties, Blum is happy to think in terms of innovative products. “As a company, we have to have resilience, be flexible and score points with creativity – the last few months have shown that again,” Philipp Blum reports. “It was great to see how many places our new products were installed in trendy kitchens at ‘Eurocucina’. This shows us that we are still on the right track with our developments. That we must not only think about the problems, but still think about storage space and outstanding design.”

The “Revego” pocket system offers new design options for rooms and was strongly represented among Blum’s customers in Milan. The hardware manufacturer is confident about the marketing of this new product. Also that of its latest box system “Merivobox” – with just a few components, this platform enables a wide range of pull-out variants with consistent processing and assembly. In the area of flap systems, both the new “Aventos top” family with numerous new functions and the integrated hardware solution “Aventos HKi” for design-oriented furniture are about to be launched. The “Onyx Black” color for conventional fittings is also running very successfully, virtually merging with the other materials to form a single unit, especially with the trend towards dark surfaces. The Vorarlberg-based family business also sees great potential for innovative hardware solutions in the future: “We are working on ways to intelligently electrify drawers. To be able to covertly charge cell phones, for example, or to play with light in this area.”

Worldwide, 9,422 employees are already committed to being a reliable partner to international Blum customers. 6,981 of them work in Austria, and 644 were recently added worldwide. “It is pleasing to note that in recent months, thanks to the expansion of our manufacturing capacities and the additional employees, we have succeeded in significantly shortening delivery times again for many product groups,” informs Philipp Blum.

It is precisely the high inflation and the ongoing price increases in everyday life that the Vorarlberg family business is observing with concern “People are currently thinking carefully about what they spend their money on. The fragile situation of international supply chains and transport logistics as well as the strongly fluctuating raw material prices also remain a challenge,” says Philipp Blum. The company is satisfied with the order situation and, despite everything, remains cautiously optimistic about further developments.

Digitization of the industry as a marathon instead of a sprint

Taking stock: When Tapio last participated in “Holz-Handwerk” in Nuremberg in March 2018, it was still in its infancy. While the whole world was talking about digitalization and IoT, the company stayed on and did it. Away from the hustle and bustle and even during the Corona years, Tapio has stayed true to itself and worked with partners to drive digitization in the industry. What started as a sprint is evolving more and more into a marathon with constant growth of the Tapio ecosystem. In the meantime, Tapio has grown rapidly and is now active with customers in more than 35 countries around the globe.

While Europe remains Tapio’s strong base, the Americas and Asia are also growing strongly and benefiting from the new reseller system. Likewise, the application diversity has increased significantly (from three to more than 20 applications). As a result, Tapio’s app landscape now covers all use cases along the process chain. Tapio customers use an average of four licenses, which suggests that the mix is aligned with customer needs. With a very low license churn rate of less than 15 percent, it is clear that Tapio partners and Tapio are on the right track.

At the “Holz-Handwerk” four years ago, Tapio demonstrated for the first time the connection of machines from different manufacturers into a central application and made it available to customers. For this purpose, the now established communication standard OPC/UA was already used at that time. Starting from this basis, Tapio currently processes 1.2 billion transactions per month (40 million within 24 hours) and can proudly say that connectivity is no longer a show stopper for the realization of ideas in the wood industry. The first version of the industry-specific Companion Specification (“Izy”) now available is a possible addition here. For the success of digitization, however, these technical details are secondary; a comprehensive understanding of the industry, customer use cases and a new mindset in the way of cooperation are key.

At the latest since “Ligna” 2019, Tapio’s focus has been on use cases as connectivity has been mastered. Thanks to our 49 partners, Tapio has become much more diverse than it was in 2018 with just three applications. The company now offers applications for almost every process stage — from ordering to production. Thanks to new interfaces to “Borm”, “iFurn”, “iX”, “Swood”, SmartWOP and the data integration of strong partners such as Leuco, Ake, Agefa, Kanefusa, Aigner, Rehau and Ostermann, customers now benefit from digital consistency. In 2018, we were moved by the thought, “What if the machines and materials and tools knew each other?” Today, it’s a reality. Instead of the tedious setting of correct tool data or edge parameters, a scan is all it takes and the data flows from the manufacturer via Tapio to the customer. Everything in the blink of an eye and protected against input errors.

This is why Tapio is increasingly focusing on linking diverse partners so that customers can interact seamlessly between the different worlds. A major focus in recent years has been on “tools and materials”. In this context, Tapio has been able to win seven well-known partners, namely Aigner, Ake, Agefa, Kanefusa, Leuco, Ostermann and Rehau, enabling customers to truly benefit from digital twins for the first time.

The “Twinio” web app makes it quick and easy to digitally manage tools, so there is always a full overview of where which tool is located. In addition, users benefit from the connectivity of “Twinio” with selected machines by being able to get the ACTUAL tool data directly into the machine control on the machine or optionally send it to the machine via “Twinio App”. In addition to being able to digitally “marry” cutters with shots, users can analyze individual process parameters such as the cutting length (m) for a saw blade.

There is one more piece of news: The “Twinio” family will soon be joined by “Twinio Office”, which is about to be launched…

To ensure that the creation and management of tools runs smoothly, the five tool manufacturers Leuco, Ake, Agefa, Kanefusa and Aigner have actively integrated themselves into the application. They provide original tool data to their customers in advance, who can digitize the tools with a simple scan and thus always have their tool accompanying card at hand in digital form.

Expands woodworking portfolio with “Vietnamwood”

“Vietnamwood”, Southeast Asia’s leading trade fair in the field of primary and secondary woodworking, will be promoted and supported by Nürnbergmesse with immediate effect. Organizer Chan Chao International Co, Ltd. and Nürnbergmesse announced the agreement during “Holz-Handwerk” 2022 in Nuremberg and will work together for the first time for “Vietnamwood” 2022. “We are grateful to have won one of the world’s leading exhibition organizers with proven competence in the field of woodworking and wood processing for cooperation with Nürnbergmesse,” says Judy Wang, Executive Director Overseas, Chan Chao International Co., Ltd. This goes hand in hand with the integration of “Vietnamwood” into Nürnbergmesse’s Woodworking Events product family. The existing portfolio thus grows to a total of five events for woodworking needs. “With the exhibitions in Germany, India and now Vietnam, we offer our customers the leading platforms in the important markets for woodworking and processing,” says Petra Wolf, Member of the Management Board, Nürnbergmesse. “The ,Vietnamwood’ is a top exhibition in the Southeast Asian market and offers us great growth potential in the network of our previous Woodworking Events.”

Vietnam is poised to become the leading furniture manufacturing country in Asia. Demand for advanced manufacturing technologies and capabilities is high, and “Vietnamwood” is considered the industry’s most important sourcing and technology platform. The exhibition portfolio includes wood processing and surface treatment machinery and processes, tools, furniture accessories, raw materials and waste disposal technology, among others.

“The ‘Vietnamwood’ ideally complements the quartet of our Woodworking Events with the ‘Holz-Handwerk’ in Germany as well as ‘Indiawood’, ‘Delhiwood’ and ‘Mumbaiwood’ in India,” explains Stefan Dittrich, Exhibition Director at Nürnbergmesse responsible for the Woodworking Events product family, whose four own events are flanked by German joint participations in Brazil, Kenya, Ukraine – and Vietnam. Internationally, Nürnbergmesse is now expanding its commitment further within the framework of a bilateral sales and marketing partnership with Chan Chao International Co., Ltd.: “Our customers are already benefiting from the advantages offered to them when opening up new markets with Nürnbergmesse as an internationally experienced partner. We are also supporting the expansion of our presence in the future market of Vietnam with immediate effect with over 30 years of competence and expertise in staging successful woodworking exhibitions. We are very much looking forward to this new project,” says Dittrich.

“Vietnamwood” has been held in Ho Chi Minh City since 2001 – initially annually, and since 2007 every two years – and has in the past been able to increase all key figures relevant to success – whether in terms of exhibitors, exhibition space or visitors. The local wood and furniture industry has been growing in double digits for years and is investing at a high level; furniture production has been showing annual growth rates of 15 percent since 2005. As a result, Vietnam is now one of the world’s leading exporters of wooden furniture, with the woodworking and processing sector playing a key role in the Vietnamese economy. “The market thus offers great potential for solution providers from Europe,” Dr. Bernhard Dirr, Managing Director of VDMA Woodworking Machinery, as co-organizer of “Holz-Handwerk”, also welcomes the expansion of Nürnbergmesse’s international activities: “We are pleased that the member companies in the Woodworking Machinery Association will also receive the best possible advice and support from Nürnbergmesse for trade fair participations in the Vietnamese market.”

The 14th “Vietnamwood” will take place – after a pandemic-related break in 2021 – from October 18 – 21, 2022 at the SECC-Saigon Exhibition & Convention Center in Ho Chi Minh City. The next scheduled date will be in the fall of 2023. For more information, visit www.wood-working-events.com

Goes into the next three years with a new board of directors

The annual meeting of Acimall – the Italian trade association of manufacturers of woodworking machinery and tools – has elected new board members for the term ending in 2025. Giorgio Casati (Casati Macchine; Marnate, Varese), Roberto Ghizzoni (Dierregi; Carpi, Modena), Stefania Maggi (Maggi Technology; Certaldo, Florence) and Pierluigi Paoletti (Paoletti Energy; Borgo Valbelluna, Belluno) were newly elected to the board. The meeting also voted to renew the mandate of board member Aldo Zaffaroni (Mario Zaffaroni e Figli; Turate, Como).

President Luigi De Vito (SCM; Rimini) and Vice President Marianna Daschini (Greda; Mariano Comense, Como) will remain in office until June 2023 to ensure continuity of the board’s work. Only then will these offices also be up for re-election or renewal.

The meeting thanked the outgoing board members Umberto Pizzi (Pizzi by PGS; Borgosesia, Vercelli) and Filippo Pellitteri (TWT; Rovereto, Trento) and thanked them for their contribution to the activities of the association.

The vote and new election was the last item of this year’s meeting, which, after the reports of the President Luigi De Vito and the Treasurer Umberto Pizzi, unanimously approved the balance sheet of the Acimall of 2021 and 2022. The unanimous approval covered all the activities of the Board, which De Vito summarized for the members in a report.

In his speech, De Vito once again emphasized the uniqueness of the events that have occurred around the world in recent years and the many, often critical, questions that have had to be answered in the short term and, in many places, raise issues for the future. “The past two years have been a turning point for our association, as we have had to use all of our resources to remain vital and proactive and to effectively help our member companies in a time of great uncertainty,” De Vito said.

From an economic point of view, the last two years have been quite satisfactory, as Italian production of woodworking machinery and tools amounted to 2.5 billion euros, up 36 percent in 2020 and 11 percent compared to 2019. Good results were also achieved in exports with 1.7 billion euros – up 30 percent compared to 2020 and 10 percent compared to 2019. Domestic results were also positive with 790 million euros: a growth of 52 percent compared to 2020 and 15 percent compared to 2019. Imports also grew (244 million euros, 59 percent more than 2020 and 21 percent more than 2019), underlining the increased demand for technologies in Italy. It exceeded the billion euro mark with an increase of 54 percent compared to 2020 and 16 percent compared to 2019. The trade balance was also very positive and ultimately amounted to 1.5 billion euros, 27 percent more than 2020 and 8 percent more than 2019.

Luigi De Vito stressed that the Italian industry had managed the difficult two-year period brilliantly. “Government incentives certainly played a key role, but without unduly affecting market development. The growth we are now experiencing is not only due to the incentives, which caused a concentration of investment decisions within a shorter period of time. But rather, the expansion is also the result of a structural recovery that has returned the market to its normal lines of development.”

Of course, the latest political developments with the Russian invasion of Ukraine were not left unmentioned: “Looking at the headlines, we can say that the Russia-Ukraine crisis has had a limited impact on our exports so far. Russia, Ukraine and Belarus together account for a significant share of Italy’s exports, about 5 percent of the total. However, these exports appear to be continuing despite a significant decline due to the current embargo, which has been gradually expanded as sanctions progress.”

Optimism prevails for the future, even though supply difficulties, crisis-related problems, and a possible flare-up of the Covid pandemic could reshuffle the cards at any time. We can expect,” De Vito said, “Italian production of woodworking machinery and tools to reach a new historic record high by the end of 2022.”

The Acimall president then gave an overview of promotional activities, a priority area for the association, which benefits from the economic and organizational support provided by ICE-Agenzia. And also about initiatives together with Confindustria, CFI-Comitato Fiere Industria and Eumabois. It should be emphasized that De Vito is active in board work in both associations and thus represents the interests of Acimall in an exemplary manner.

Part of De Vito’s report was also the Italian machine fair “Xylexpo”. “This project represents the core business of Acimall, to this event the association dedicates most of its efforts,” said Luigi De Vito. “After the cancellation of the 2020 edition due to the global Covid situation, we have launched a modified exhibition project that combines the ,Xylexpo’ and the ,Bimu’, the international exhibition for metalworking machinery, robotics and automation. Two fairs that merge into one big event for manufacturing technology. This decision required a change of dates and a rearrangement of the exhibition halls for our event. Thus, from October 12 to 15, Xylexpo will be held in Halls 22 and 24 at Fieramilano Rho, directly opposite the Bimu halls, to promote interaction and integration between the two events and their visitors.

The ,Xylexpo’ will be smaller than in the past, as two major producers – one from Italy and one from Germany – will not participate. Decisions that we do not want to hide. I hope that these decisions will be limited to the 2022 edition and represent a continued general economic uncertainty. Ultimately, the results of the current year should be decisive for future developments.

Nevertheless, I can report that the two halls allocated to ‘Xylexpo’ are sold out, with an occupied area of almost 18,000 net square meters and 250 exhibitors. With this area dedicated exclusively to technology, ,Xylexpo’ will most likely and defiantly remain the largest industrial exhibition in Southern Europe in 2022.”

Biesse Group and Homag Group – crucial players in the market – do not plan to participate.

In the end, De Vito did not miss the opportunity and also spoke cautionary words, calling on Acimall’s members to reflect: “Acimall should be a ‘home’ for all of us. An association that needs the active participation of every member in order to fulfill its mission of representing and promoting the industry. An association lives when its members contribute with their experience and presence. It offers unique opportunities to discuss with each other, to exchange ideas, to find a common goal, to join forces. Otherwise, it is a pure service company, but one that follows a market logic that does not correspond to the spirit of an association, and that was certainly not the original intention of our founders.”

Breaks ground on two new production facilities in Shanghai

Materials manufacturer Covestro broke ground on two new plants in Shanghai to meet the rising demand for polyurethane dispersions (PUDs) and elastomers. These new facilities, which represent a combined investment of a mid double-digit million euro amount, will be located within the Covestro Integrated Site Shanghai.

“These projects will contribute to the high-quality and sustainable development in China and beyond,” said Holly Lei, President of Covestro China. “They will also add to the scale and strength of our Shanghai site, which will be playing a key role in the quest of Covestro to becoming operational climate neutral by 2035.”

The new plant for PUDs, as well as a further line for polyester resins, from which PUDs are produced, are due to be completed in 2024. PUDs are used in more environmentally compatible coatings and adhesives for a wide range of applications, including automotive, construction, furniture, footwear and packaging. For instance, Covestro’s Bayhydrol® and Bayhytherm® raw materials are used in basecoats for automotive OEM and refinish coatings, as well as in wood and furniture coatings and robust floor coatings, while adhesives formulated with Dispercoll® U are used in furniture and shoe manufacturing as well as in the automotive industry. Independent of the investment of Covestro in Shanghai, its large portfolio of waterborne polyurethane coating raw materials based on PUDs for various applications also includes products of the Baybond®, Impranil®, NeoPac® and NeoRez® series. 

“With the new investment, we will be even better positioned to address the rising demand for more environmentally compatible coatings and adhesives across the globe,” said Zhong Xiaobin, Senior Vice President of the Coatings and Adhesives segment of Covestro in the Asia Pacific region. “As one of the global leaders in this segment, we will continue to tap the trend where our customers turn to more sustainable waterborne systems with equally good properties to replace solvent-based products.”

The new facility for polyurethane elastomers, which are widely used in industries ranging from offshore wind to solar energy as well as material handling, is expected to become operational already in 2023. The market for these flexible and durable materials in China and the Asia-Pacific region is growing faster than both gross domestic product and downstream industries.

“The new facility for polyurethane elastomers will ensure that we have a strong capacity to meet the needs of our customers,” said Simon Chen, Head of Covestro’s Elastomers segment in Asia Pacific. “Our Desmodur® based polyurethane elastomers will serve a wider range of applications as they boast excellent performance, particularly in the field of sustainable energy.”

Since 2001, Covestro has invested EUR 3.6 billion into building the Shanghai integrated site, which comprises 11 plants and is the company’s largest site in the world. In the past year, the Shanghai site obtained the ISCC PLUS mass balance certification, meaning it can supply customers with larger product volumes from renewably attributed raw materials.