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Covestro has lifted the force majeure on the polyurethane raw materials MDI and TDI in Europe that it declared on October 6, 2016. 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.
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.
Covestro does not expect the force majeure situation in Europe to have any negative effects on the company’s declared business targets for 2016.
