Covestro opens its Technical Center in Indonesia

New Technical Center in Indonesia caters to customers in ASEAN markets, including Australia and New Zealand  • Specializes on Coatings, Adhesives and Specialties (CAS) key application areas like coatings for automotive, construction, furniture and footwear adhesives  • Expands existing R&D network in the region  • Sets future research collaboration with Indonesia’s Sentra Teknologi Polimer

PUSPIPTEK, Tangerang Selatan – 16 January 2017 –

Covestro, a world-leading manufacturer of high-tech polymers, opened its Technical Center for its Coatings, Adhesives and Specialties (CAS) segment at the Sentra Teknologi Polimer complex in Tangerang Selatan, Indonesia.

The Covestro Technical Center will address the market needs and trends by speeding up the formulation localization and provide in-time technical support for its key industries not only in the country but as well in other ASEAN markets, including Australia and New Zealand.

Getting closer to the customer

It is the first technical facility for Covestro’s CAS business in ASEAN to cater to customer needs across ASEAN, Australia and New Zealand. It focuses on key application areas like construction, footwear and wood and furniture coatings.

“Innovation and sustainability sit in the heart of our strategy. We leverage our expertise in advanced Polyurethane technology and applications to bring new Polyurethane products and solutions to the market, while having a shorter innovation cycle through joint efforts across the value chain,” said Xiaobin Zhong, Senior Vice President, Business Unit CAS APAC.

“With the new technical center, we will be able to provide high quality technical support to local customers and enable our partners to be more competitive through joint application development projects that can help increase efficiency, enhance workers health and safety, and reduce the environmental footprint.”

Strengthening its foothold in Indonesia

Hosting the world’s third largest motor cycle production and being number five globally in the footwear and construction industry, Indonesia is an important market for Covestro within ASEAN, a region, which is overall the second biggest market for Covestro in Asia Pacific, after China. With an estimated growth of 5 to 7 % in Covestro’s key industries construction and footwear as well as the government’s ambitious plans for economic development, Covestro sees a great potential in the Indonesian market.

“This is an exciting moment for the whole team. For our CAS business to have chosen Indonesia as the location for its technical center, this will further strengthen our foothold in the country. With this inauguration, Covestro strengthens its presence in Indonesia and across ASEAN,” said Lars Kesternich, Managing Director of Covestro Polymers Indonesia.

Future collaboration with the government

Being located on the premises of the government agency PUSPIPTEK, Agency for the Assessment and Application of Technology / Badan Pengkajian dan Penerapan Teknologi (BPPT) and Sentra Teknologi Polimer (STP), which is responsible for the assessment and the application of polymer technology, the new Technical Center will also enable Covestro to collaborate with the Indonesian government in joint projects.

The head of STP BPPT Dody Andi Winarto said: “For STP, the new facility opens up the opportunity to strengthen the collaboration with the polymer industry with respect to an exchange of market and technology knowledge, joint trainings as well as future research - in line with our government’s plans to upgrade the country’s technological and industrial capacity through partnerships. We are looking forward to working with Covestro door-to-door.”

Focus on Research & Development around the world

The Technical Center in Indonesia will work in close cooperation with Covestro’s global competence network having its established technical centers in India, China, USA, and Germany.

In total around 1,000 scientists work in Research & Development for Covestro worldwide - on the problems of today and the challenges of tomorrow.

CAS is one of Covestro’s three Business Units. CAS provides value-added Polyurethane (PU) coating and adhesive solutions addressing the trend for higher performance, process efficiency and more sustainability in a wide range of industries. As the inventor of PU technology with rich PU application expertise, Covestro is working closely with partners along the value chain to create products and solutions for local unmet market needs. CAS raw materials for high-value coatings, adhesives and specialty chemicals help protect and enhance the appearance of anything from cars, furniture and flooring, applications in the sports and leisure sector through to cosmetic, textile and medical products.

Contact:

Covestro Thailand Co. Ltd.
Reynaldo Cutanda
Mobile: +66-2029-9012
Email: reynaldo.cutanda@covestro.com

Weber Shandwick
Herry Cahyono
Mobile: 0812 893 7696
Email: hcahyono@webershanwick.com

Mariel Grazella
Mobile: 0817 095 3404
Email: mgrazella@webershandwick.com

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 sports and leisure industries. Covestro, formerly Bayer MaterialScience, has 30 production sites worldwide and employes approximately 15,800 people (calculated as full-time equivalents).

Forward-looking statements

This presentation may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG or subgroup management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s and Bayer’s public reports which are available on the Covestro website at www.covestro.com. Covestro and Bayer assume no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

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