The China Polycarbonate Industry Development Bluebook, compiled jointly by Covestro and its industry peers, was released in Shanghai today, aiming to advance the sustainable development of the local industry for the popular engineering plastics.
Polycarbonates, discovered by Covestro’s predecessor Bayer in 1953, have proven themselves in many applications that require strength, light weight and beauty, ranging from automotive, electronics and electrical, to appliance and medical industries.
“We expect that with this bluebook, the industry could have a clearer and more accurate understanding of the polycarbonate sector, so as to make rational investments,” said Kai Zheng, chairman of the China Synthetic Resin Supply and Sales Association, which supervises the China Polycarbonate Association (CNPCA) that published the report.
“The bluebook will serve as a good reference for the polycarbonate industry value chain, aiming to enhance the overall competitiveness of the local industry,” said Terence Yau, Vice President of the Covestro Polycarbonates Business Unit in China.
“Polycarbonates are highly versatile materials. We as businesses should explore more differentiated and innovative applications in areas such as automotive and electronics to make the market even bigger and add even more value,” added Yau.
The bluebook was authored by 23 companies along the polycarbonate value chain in China, including Covestro. It comprises chapters pertaining to the industry’s history and status quo, production processes and applications, as well as relevant regulations and policies, among other topics.
Established in June 2017, CNPCA is the first industry group for polycarbonates in China. The association aims to foster the sustainable development of China’s polycarbonate industry by serving as a bridge linking the government and businesses. Covestro is a vice chairman of CNPCA.
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.
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