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Home  > Markets & companies  > Raw materials market  > Covestro lifts force majeure on polyuretha...

Wednesday, 18 September 2019
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Markets & companies, Raw materials market

Covestro lifts force majeure on polyurethane raw materials

Tuesday, 3 January 2017

Covestro has lifted the force majeure on the polyurethane raw materials MDI and TDI in Europe that it declared on October 6, 2016.

Leverkusen is the oldest of Covestro’s sites. Source: Covestro

Leverkusen is the oldest of Covestro’s sites. Source: Covestro

A raw material supplier which had experienced an outage had lifted its own force majeure and began to supply Covestro with nitric acid once again. Covestro therefore was able to resume full deliveries of MDI, TDI and by-products.

Purchases from other suppliers

During the force majeure period, Covestro made considerable efforts to compensate for the missing raw materials by making alternative purchases from other suppliers. Moreover, the company kept its customers and suppliers informed about the situation and helped them find alternate solutions.

No effects on the business targets

Covestro does not expect the force majeure situation in Europe to have any negative effects on the company’s declared business targets for 2016.

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