Covestro Completes Acquisition of Former Vencorex Production Sites in Thailand and the US

Covestro has completed the acquisition of two former Vencorex production sites for HDI derivatives located in Rayong, Thailand, and Freeport, Texas, USA. The acquisition expands the company's global manufacturing footprint and strengthens its ability to serve customers in the coatings and adhesives industry with greater production flexibility and supply reliability.

The newly acquired facilities complement Covestro's existing HDI derivatives production network across Europe, Asia, and North America, increasing manufacturing capacity to meet growing demand for high-performance and more sustainable coating and adhesive solutions.

“By adding these sites in Thailand and the US, we are strengthening our regional production capabilities and improving our ability to supply customers from locations close to them,” said Thomas Roemer, Head of the Business Entity Coatings and Adhesives at Covestro. “Reliable supply, regional availability and technical expertise are critical for our customers, especially in a challenging market environment. This acquisition helps us deliver even better on those needs.”

HDI derivatives are key raw materials used in the production of polyurethane coatings, adhesives, and sealants. These materials are widely used in applications such as automotive coatings, infrastructure protection, marine coatings, wood furniture, electronics, and other industrial sectors that require durable, high-performance finishes.

“Strong customer relationships are built on trust, reliability and the ability to deliver value over time,” said Monique Buch, Chief Commercial Officer of Covestro. “This acquisition strengthens our position in a business where customers count on us for consistent quality, regional supply and application expertise.”

The acquisition follows Covestro's earlier purchase of DSM's Resins & Functional Materials business and forms part of the company's broader strategy to expand its presence in the global coatings and adhesives market through both acquisitions and organic investments.

Source: Covestro