Covestro completes acquisition of former Vencorex HDI sites in Thailand and U.S.
Covestro has completed its acquisition of two former Vencorex production sites for hexamethylene diisocyanate (HDI) derivatives in Rayong, Thailand, and Freeport, Texas, expanding its global manufacturing footprint for polyurethane coatings, adhesives, and sealants. The transaction closed on July 1.
The additional facilities strengthen Covestro's production network across Europe, Asia, and North America, increasing regional manufacturing capacity and enhancing supply flexibility for customers in the coatings and adhesives sector.
HDI derivatives are key raw materials for high-performance polyurethane coatings, adhesives, and sealants used in automotive finishes, infrastructure protection, marine coatings, wood furniture, electronics, and other demanding industrial applications.
"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."
Covestro said the two facilities complement its existing HDI derivatives production network in major global regions and will improve its ability to respond to customer demand while supporting long-term growth in high-performance and more sustainable coatings and adhesives applications.
The acquisition follows Covestro's earlier purchase of the Resins & Functional Materials business from DSM, alongside continued investments in organic growth, reinforcing the company's long-term commitment to the coatings and adhesives market.
"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.".