Covestro, formerly Bayer MaterialScience, has announced it is investing around 20 million euros ($21.6 million) to expand its capacity for polycarbonate films at its Dormagen, Germany site.
The company states the plant is scheduled to become active in 2017 and it will create 15 new jobs.
Daniel Meyer, head of Covestro's coatings, adhesives and specialties segment, said: “With this investment we are significantly expanding our films business. At the same time, we are expanding our range of tailored products, which offer added value along the entire value chain.”
The center in Dormagen is specializes in polycarbonate flat films. It has production facilities, a technical center for film processing, a showroom and two research laboratories, which have been totally re-equipped, says Covestro.
Nina Schmarander, global head of Specialty Films at Covestro, said: “With the new plant, we are orienting ourselves more than ever on market trends and the rising demand for high-quality flat films. For us it is a further developmental step for multilayer film structures, such as those used for counterfeit-proof identity cards.”