# Covestro acquires two HDI derivative production sites from Vencorex in USA and Thailand

Covestro has signed an agreement to acquire two production sites for HDI derivatives in Rayong, Thailand, and Freeport, USA, from Vencorex Holding SAS, a subsidiary of PTT Global Chemical. The acquisition expands Covestro's aliphatic isocyanates capacity.

- Type: Acquisition
- Announced: 2025-08-14
- Where: Freeport, USA; Rayong, Thailand, United States
- Status: announced
- Products: HDI derivatives, aliphatic isocyanates
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [PTT Global Chemical](https://endata.com/companies/813.md) (investor)
- [PTT Global Chemical](https://endata.com/companies/813.md) (partner)
- [Covestro](https://endata.com/companies/1705.md) (acquirer)
- [PTT Global Chemical Public Company Limited](https://endata.com/companies/15056.md) (investor)
- [PTT Global Chemical Public Company Limited](https://endata.com/companies/15056.md) (target)
- [Vencorex](https://endata.com/companies/22950.md) (target)

## Sources

- [european-coatings.com](https://www.european-coatings.com/news/markets-companies/covestro-expands-isocyanate-portfolio-with-acquisition-of-former-vencorex-sites/), 2025-08-14: "Covestro has signed an agreement with Vencorex Holding SAS, a subsidiary of PTT Global Chemical, to acquire two production companies for HDI derivatives."
- [fapu.de](https://www.fapu.de/en/2025/08/covestro-expands-specialty-isocyanate-footprint-with-two-former-vencorex-sites-in-the-us-and-thailand/), 2025-08-15: "The acquisition of these two former Vencorex sites fits perfectly to our portfolio and our strategic goals."
- [plastics-technology.com](https://www.plastics-technology.com/news/covestro-expands-specialty-isocyanate-footprint-with-two-former), 2025-08-16: "The acquisition of these two former Vencorex sites fits perfectly to our portfolio and our strategic goals."
- [chemanalyst.com](https://www.chemanalyst.com/NewsAndDeals/NewsDetails/covestro-strengthens-specialty-isocyanate-portfolio-with-acquisition-of-two-vencorex-38603), 2025-08-18: "Integrating these new sites into Covestro’s network fits seamlessly with the company’s portfolio and strategic ambitions."
- [chemanager-online.com](https://chemanager-online.com/en/news/covestro-to-acquire-two-vencorex-sites-for-expanding-aliphatics-production), 2025-08-19: "The acquisition of these two former Vencorex sites fits perfectly to our portfolio and our strategic goals."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.