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Quality, Innovation and Sustainability

Covestro in Taiwan

Covestro is one of the world’s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself. The company is committed to becoming fully circular. In addition, Covestro aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group’s Scope 3 emissions are also set to be climate neutral by 2050. Covestro generated sales of EUR 14.4 billion in fiscal 2023. At the end of 2023, the company had 48 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents).

Covestro Taiwan’s headquarters are located in Taipei, and there is one global Energy Curing Innovation Center, one APAC TPU Research and Development Center, and three factories – two in Changhua and one joint-venture plant in Pingtung.

In the field of research and development, the Global Energy Curing Innovation Center shoulders a great responsibility for R&D in resin synthesis and fiber optic coating for the Covestro Group, while the APAC TPU Research and Development Center provides high-performance materials and innovative solutions to Taiwan and Asia-Pacific markets and customers.

In the field of production, the Zhangbin site produces energy-curable monomer products, and it is also the company’s largest global production base for energy-curable resin synthetic. The Changhua site mainly produces Thermoplastic Polyurethane (TPU) resins and is also the largest TPU production site in Asia while the joint venture production site with Eternal Materials in Pingtung is the factory that supports the global supply of powder-coating polyester resins at Covestro.

Covestro’s headquarters are located in Leverkusen, Germany.

RD centers and production sites – The start-of-the-art facilities with leading technology

There are three major production sites in Covestro Taiwan, along with one global energy curing RD center and one APAC TPU RD center. In addition, there is an APAC level RD center and an integrated site located in Shanghai which provides quality products and service for customers.

  • Global Energy Curing Innovation Center

    The Energy Curing Innovation Center in Taiwan shoulders a great responsibility for R&D in resin synthesis and fiber optic coating for the Covestro Group. Covestro is one of the technology leaders in the field of UV energy curing technology, holding numerous patents. It provides a beneficial life cycle assessment (LCA) performance in the coating field by curing coatings easily and instantly without solvents, using light sources such as UV.

  • Pingtung Site in Taiwan

    Covestro Eternal Resins (Far East) Ltd., a joint venture production site with Eternal Materials in Ping Tung, is the factory that supports the global supply of powder-coating polyester resins at Covestro. Its products are used in a wide range of applications, including building materials, automobiles, electronics and appliances, home appliances, furniture, the general industry, and large machinery industries, etc.

  • Polymer Research and Development Center

    Covestro hosts technical development and research facilities for its three major business units in the Shanghai Polymer Research & Development Center (PRDC). Each of these business units has the capacity to provide technical services, new application development, and training for customers of the Asia-Pacific region and staff. PRDC is also one of the world's three major technological innovation service centers.

  • 2015

    New company - Covestro

    On September 1, Bayer MaterialScience became a separate legal entity operating under the name Covestro. Covestro (Taiwan) Ltd. was established on the same day. The global headquarters is located at Leverkusen Germany. Covestro was listed in the Frankfurt stock exchange in October of the same year.

  • 2014

    CO₂ as new raw material

    Bayer MaterialScience plans to use carbon dioxide as a new raw material for the production of high-quality foams and is building a production line for this purpose at the site in Dormagen, Germany. A three-year research and testing phase showed that the new process works and that the CO₂-based materials have the same high quality as products produced using conventional methods.

  • Expand HDI production systems

    Announced the expansion of HDI production systems, and begins construction of systems at Integrated Site Shanghai for annual HDI production capacity of 50,000 tons.

  • Opening of TDI plant with Covestro technology in Dormagen

    Opening of the TDI plant

    A state-of-the-art, large-scale plant for the particularly eco-friendly production of the polyurethane component TDI is brought on stream in Dormagen, bringing one of the most important capital expenditure projects of the last decade to a successful conclusion.

  • 2013

    Renamed as Bayer MaterialScience Taiwan Ltd.

    Bayer MaterialScience in Taiwan completed its Spin-off from Bayer Taiwan and merged with Bayer-Urtech and Bayer Polyurethanes Taiwan, and was renamed as Bayer MaterialScience Taiwan Ltd.

  • Innovation hub for the Asia-Pacific region in Shanghai

    The Shanghai PRDC builds an innovation hub for the Asia-Pacific region.

  • 2010

    Expansion of business in China

    Beginning in 2010 the company is investing about another EUR 1 billion to expand its facilities at the site in Shanghai, China. Production capacities are to be more than doubled as a result. Including the expansion, the total investment in the site amounts to more than EUR 3 billion. In addition, the headquarters of the Polycarbonates Business Unit is being transferred from Leverkusen to Shanghai.

  • 2008

    Shanghai Integrated Site announces a series of production plans

    Groundbreaking and operational launch of a 250,000 ton plant for TDI (toluene diisocyanate).

  • 2007

    Acquired Uretech, established Bayer-Uretech Ltd.

    With a goal of enhancing its TPU market share in the Asia-Pacific (APAC) region, Bayer MaterialScience acquired Uretech in July and established Bayer-Uretech Ltd. in Taiwan. Now it is the Changhua site of Covestro Taiwan.

  • 2003

    Bayer group formed Bayer MaterialScience as its subgroup

    Bayer MaterialScience established.

  • 2000

    Acquired Lyondell Polyol, established Bayer Polyurethanes Taiwan Ltd.

    Bayer acquired part of US-based Lyondell Chemical Company. This move makes the German group and later Bayer MaterialScience the world’s biggest producer of raw materials for polyurethanes. Its LY Site was also renamed as Bayer Polyurethanes Taiwan Ltd at that time. It was the first production site in Taiwan. Now it is called the Covestro Taiwan Linyuan site.

  • 1982

    First Makrolon® automobile headlamp

    For decades, car headlamps were made of glass. From the 1980s the transparent high-performance plastic Makrolon® has become the material of choice – being lightweight, tough and easy to shape. The trend began in the United States and Japan and came to Europe in the 1990s. Some of the modern headlamps that fit so harmoniously into the complex contours of the body would be impossible to manufacture from glass.

  • Birth of the audio CD

    On August 17, PolyGram begins large-scale production of the first compact disc (of classical music). For this purpose, Bayer had developed a special grade of Makrolon® that is still used today as the base material for all optical storage media.

  • 1967

    K67 is world’s first all-plastic car

    The sports car that Bayer presents at the plastics fair in Düsseldorf, Germany, is made almost entirely from various kinds of plastics. Only the engine, gearbox and wheels are of metal. Today, plastics make up about 15 percent of the weight of an average car – a figure that continues to rise.

  • 1963

    Makrolon® conquers kitchens and camping sites

    At the plastics fair in Düsseldorf, Germany, visitors are fascinated by the lightweight plates, cups, dishes and bowls made of this shatterproof plastic that are increasingly finding its way into kitchen and caravans.

  • 1962

    Rigid foam in the cooling chain

    Polyurethane rigid foam is launched as insulation material for cooling devices. This helps to considerably increase the energy efficiency of refrigerators.

  • 1959

    Chemistry in fashion

    Moltopren®, a lightweight flexible foam, was presented to the public in 1952 as an ideal material for upholstered furniture. It will soon be adopted by the fashion industry for garment processing.

  • 1958

    Bayer Group entered into Taiwan market with chemical material

    Bayer Group entered into Taiwan market with chemical material

  • 1953

    Hermann Schnell discovers polycarbonate

    The Bayer chemist, working at the Group’s Central Scientific Laboratory in Krefeld-Uerdingen, succeeds in synthesizing polycarbonate more or less at the first attempt. The event passes almost unnoticed, except in specialist circles. But just five years later, Bayer will begin producing the transparent and versatile plastic, known by its brand name Makrolon®, on an industrial scale.

  • 1937

    Otto Bayer discovers polyurethanes

    The invention by the chemist – who is not related to the family that founded the Bayer Group – revolutionizes the chemical industry, but his discovery is by chance. After mixing two chemical substances, Otto Bayer succeeds in synthesizing the first polyurethane foam. Initially nobody has an idea what it can be used for, and it will take another ten years of development work before customized materials can be manufactured from polyurethanes.

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