Covestro to build plastics plant in Zhuhai

German chemicals group Covestro plans to build a factory for thermoplastic polyurethanes (TPU) in Zhuhai in southern China. The plant will require investments “in the low three-digit million euro range” and will be the group’s largest TPU factory when completed, it said. Covestro said the construction will take place in three phases. The first phase will be completed in 2025, and the last will be launched in 2033, it said. Then, the capacity should be 120,000 metric tons of TPU per year, it said. TPU is a plastic material used in various consumer goods, including the soles of sports shoes, cell phone housings, and parts of IT equipment or automobiles, according to Covestro.