Covestro, Teknor Apex: Agreement on TPU compounding

Covestro and Teknor Apex have announced their intention intend to cooperate closely on compounding TPU. The companies have signed a cooperation agreement to this effect.

“We are happy to team-up with such a competent and complementary partner for processing TPU on a global scale,” says Dr. Thorsten Dreier, the new global head of the TPU business at Covestro. “Together with Teknor Apex, we want to develop customized products to grow together with our existing and new customers.” Covestro supports the marketing of the jointly developed products by Teknor Apex with its Desmoflex brand.

“We are excited to become Covestro’s preferred global compounding partner. The combination of Covestro’s expertise in TPU resin with Teknor Apex’s custom formulation and compounding capabilities provide a compelling value driver for our combined customers worldwide,” says Sachin Sakhalkar, Vice President, TPE Division, at Teknor Apex. “This new cooperation strengthens our promise to our customers and partners who depend on us to bring tailored solutions for their application needs.”

The TPUs will be marketed under the brandname Desmoflex. The Desmoflex brand is well-known in the market. It was established by PTS (Plastic Technology Services), a TPE compounder, who was acquired by Teknor Apex in April 2016. PTS had a long-standing cooperation with Covestro and used Covestro’s Desmopan TPU as basis for its Desmoflex compounds.