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Polymers

Covestro shuts composites unit

by Alexander H. Tullo
February 3, 2023 | A version of this story appeared in Volume 101, Issue 5

 

Covestro is discontinuing its Maezio line of fiber-reinforced thermoplastic composite products this year. The company bought the business in 2015 but has not been able to create synergy with its core engineering polymer business. As a result of this decision, Covestro is shutting down its production site in Markt Bibart, Germany, where it employs 48 people. The company could not find a buyer for the site.

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