Paint India 2018

Covestro India launches ‘Made in India’ sustainable products focusing on smart cities

Covestro, one of the world’s largest polymer companies, launched a range of smart and sustainable polyurethane (PU) coatings for the construction, automobile, footwear, and furniture industries at the recently concluded Paint India 2018 exhibition.

Paint India is one of the premier biennial events for the paint, coatings and adhesive industry in India. Covestro India was present at the show with one of the largest booths on the theme, “Smart City with Covestro Material”,  that highlighted its portfolio for various industries.

The German materials giant’s booth had Smart Building & Infrastructure solutions such as PASQUICK™, PU Insulation and PC Sheets on display. Under the Smart Mobility theme, 2K PU coating for composites, Solutions for light weight, efficiency, design freedom & comfort were demonstrated. The company also showcased its Smart Energy Solutions for wind and solar energy, while also demonstrating the key products in the Smart Technology Solutions for IT&E, Lighting, automation & security industry.

The booth of Covestro encompassed four Islands accentuating the contribution of Covestro product in the transportation, Construction, Wood & Furniture, innovation space. In addition, the company also exhibited six successful case studies in the aforementioned categories.

Covestro has been a key player in India’s industrial coatings and adhesive market. The two key star products launched at the show were 1K Moisture Cure Construction Sealant - an innovative technology for real estate developers that can help expansion joints in buildings, and 1K Moisture Cure Water Proofing that provides high performance and durability for residential and commercial spaces. 

Visitors to Paint India 2018 also had the chance to engage with the experts from Covestro global team who partook in concurrent technical seminars and conferences during the show. Dr. Christoph Irle,  Vice President, Global Synthesis, Isocyanate presented his views on “New Application for Aliphatic Poly urea” during the Paint India Conference, while Miss Linda Liu, Product & Technical Services, CAS APAC  and Mr. Anup Phalke, Head, Application development, India  delivered a technical session on “Next Gen PU for Wood Coating” and “PU for water proofing – Make in India”, respectively.

India is viewed as one of the fastest growing markets. The rise in consumer spending, as well as thrust on smart and sustainable solutions have been the catalyst of growth for Covestro in India.

“There is no denial that the Indian economy is on the cusp of transformation. The biggest challenge across industries have been to have an equitable growth and achievement of sustainablilty objectives. With most of the companies looking at improving performance while improving design aesthetics and longetivity, while reducing the carbon emissions, we see India as a big potential market for PU-based products. Especially, since the penetration of these products are still low in the country. With application industries such as automobile, wood furniture, construction, etc, upgrading to new technology, the demand for PU-based material will increase, opening up huge opportunity for us. In addition, the increasing thrust on sustainable solutions and government initiatives and schemes such as Make in India, Smart Cities, Ujaala and Digital India, etc. will provide further boost to the market. Thus, at Paint India we focused exclusively on highlighting our core strengths – innovation and sustainability – which was well received,” said Ajay Durrani, Managing Director, Covestro India.

Commenting on the participation, Dr. Kumar Iyer, Head, Business Unit Coatings, Adhesives and Specialties at Covestro India said, “Globally, we are commemorating 80 years of polyurethanes that have changed the world to provide energy-efficient refrigerators, comfortable upholstered furniture, safe car seats, protective coatings and lightweight composites. At Paint India, Covestro once again proved that we are at the forefront to drive the success story forward. The two product launched at the show were made in India, and Made for Indian markets. With our innovative and sustainable materials we are advancing the development of polyurethanes to make the world a brighter place.”

In India, we are working closely with end-users and educating them about the benefits of PU over other traditionally used materials and developing materials specifically for Indian market. We are committed to the further development of sustainable PU based solutions and will further drive the development of high performance, high efficiency coating raw materials” he added.

Coatings, Adhesives & Specialties (CAS) division of Covestro offers polyurethane (PU) raw materials, which are used as building blocks in coatings & adhesives used in various applications such as automobile, construction, transportation, furniture, footwear and others.

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About Covestro:

With 2017 sales of EUR 14.1 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, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. Covestro has 30 production sites worldwide and employs approximately 16,200 people (calculated as full-time equivalents) at the end of 2017.

 

This press release is available for download from the Covestro press server at www.covestro.com. Photos are available there for download as well. Please acknowledge the source of any pictures used.

 

Find more information at www.covestro.com.

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xx         (2018-0XXE)

 

 

Forward-looking statements

This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. 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 public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.