Covestro Pauses MDI Project
Covestro to pause MDI investment project in Baytown, Texas
To our valued customer:Due to challenging global market conditions, Covestro has decided to delay further work on the MDI plant expansion in Baytown, Texas. The investment project, known as MDI-500, will be paused for a period of 18 to 24 months. We recognize the significance of this announcement, which is why we wanted you to hear it directly from us.
Please be assured that this is a pause – not a cancellation. Covestro remains firmly committed to its customers and to the long-term growth potential of the MDI market. By leveraging our global supply network, we will continue to provide our customers with reliable MDI supply.Our long-term growth strategy has not changed. We remain committed to Baytown as the ideal location to further expand our MDI production capacities in North America. For that reason, we will be prepared to resume the project at the appropriate time.
In the meantime, please know that we truly value your business and are committed to meeting your needs through reliable supply, high-quality product and best-in-class support.
We welcome the opportunity to discuss this topic further with you and address any questions or concerns. You can expect to hear from us shortly.
SVP, Polyurethanes – North America