At its first participation at the triennial event post becoming an independent company, Covestro highlights key products under the mission ‘To make the world a brighter place.’
Covestro, one of world’s leading producers of high-performance polymers, is geared to showcase the power of talented materials at the upcoming triennial exhibition for the plastics industry, Plastivision 2017 that is scheduled to be held from 19 to 23 January in Mumbai.
For the first time, Covestro India will present a plethora of applications showing success stories of collaborative work with customers and external partners. In addition to applications developed for automotive, electrical and medical segments using high performance polycarbonates and blends, and specialty films, a variety of construction solutions from polyurethane coatings and polycarbonate sheets, and some unique industrial applications with polyurethanes and thermoplastic polyurethanes (TPU) will be on display.
Plastivision India is organised by All India Plastic Manufacturer’s Association (AIPMA), the largest non-profit apex body working towards the welfare of the plastic industry. It is also the only trade exhibition from the plastic industry approved by UFI (the premier Paris-based exhibition authority).
Visitors to the Covestro’s booth in Hall No.5 would get a chance to experience how the company is pushing boundaries through its talented and innovative materials catering to the changing needs of the automotive, construction, electronics, as well as, medical industry.
Mr. Ajay Durrani, Managing Director, Covestro India, said, “India is on the cusp of transformation that is driven by the concerted push from government to make it an innovative and energy efficient nation. Currently, the per capita consumption of plastics in India is low in comparison with the global average. The sector has huge unrealized potential, going by the present very low levels of consumption in the country. We believe that in the coming five years, plastics would play a critical role in the growth story of the country. The industry has grown at a healthy rate over the last five years and is expected to grow at a rate of 15% per annum in next few years. This phase of growth will not just witness increase in the per capita consumption of plastics but many of the social problems of the country such as sanitation, food safety, energy efficiency and carbon footprints mitigation would be solved using talented materials.”
Adding to this, Mr. Anand Srinivasan, Head – Polycarbonates, Indian Sub Continent, Covestro India said, “Plastic today has become a ubiquitous part of our lives. From automotive to electronic to even aviation and healthcare, plastic has been playing a key role in making products efficient, innovative and attractive. With the changing market dynamics, personalization, design freedom, and energy efficiency have emerged as the new currency for innovations. Such innovations driven by Covestro’s materials are helping the industry to find answers to some of the biggest challenges facing our world, and develop solutions that benefit both society and the environment. At Plastivision 2017 trade fair, we continue with our endeavour to help various industries embrace material driven innovation and aid OEMs, both in design and functionality, to contribute to a better tomorrow.”
With 2016 sales of EUR 11.9 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 the sports and leisure industries. Covestro has 30 production sites around the globe and employed approximately 15,600 people (full-time equivalents) at the end of September 2016.
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.