Covestro and BÜFA Thermoplastic Composites cooperate in the distribution of Maezio™ UD tapes

MUMBAI, 20th Nov., 2019 (GNI): Covestro has entered into a distribution agreement with BÜFA Thermoplastic Composites, a supplier of raw materials and semi-finished products for thermoplastic components. The agreement grants BÜFA distribution rights for Maezio™ thermoplastic UD (unidirectional) tapes from Covestro.

This first distribution partnership in Europe for the thermoplastic composite business of Covestro is a response to the growing demand for materials that are designed for lightweight construction yet as robust as metal.

Best possible solutions for customers
“We’re super excited to introduce BÜFA as part of our distribution network around the globe,” says Lisa Ketelsen, head of the thermoplastic composites business of Covestro. “In the future we want to nurture our mutual exchanges on market trends and customer needs in order to find the best possible solutions for our customers.”

“We’re thrilled to add Maezio™ into our product portfolio,” says Dirk Punke, Managing Director of BÜFA Thermoplastic Composites. “The tapes can be made particularly thin, but have a high stability and are especially light at the same time, which enables the production of complex and three-dimensional components in a wide range of industries.”

Maezio™ UD tapes are based on a thermoplastic matrix such as polycarbonate, which is strengthened with strands of continuous, oriented carbon or glass fibers. The UD tapes can be laminated together at different angles to form sheets that can be tuned to specific performance targets.

Based in Oldenburg, Germany, BÜFA Thermoplastic Composites GmbH & Co. KG is a spin-off of the BÜFA Group and was founded in 2018. It specializes in the sale of raw materials and semi-finished products for the manufacture of components from long and continuous fiber-reinforced thermoplastics.  

About Covestro: With 2018 sales of EUR 14.6 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 16,800 people (calculated as full-time equivalents) at the end of 2018.

This press release is available for download from the Covestro press server at www.covestro.com.

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Forward-looking statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.ends