# Covestro to acquire Vencorex HDI derivative sites in Thailand and Texas

Covestro signed an agreement to acquire two former Vencorex production sites for HDI derivatives in Rayong, Thailand, and Freeport, Texas, from PTT Global Chemical. The transaction is expected to close by end of 2025.

- Type: Acquisition
- Announced: 2025-08-20
- Where: Rayong, Thailand; Freeport, Texas, Thailand
- Status: announced
- Products: HDI derivatives
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [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) (partner)
- [Vencorex](https://endata.com/companies/22950.md) (partner)
- [Vencorex](https://endata.com/companies/22950.md) (target)

## Sources

- [adhesivesmag.com](https://www.adhesivesmag.com/articles/101961-covestro-to-expand-aliphatics-production-with-acquisition-of-vencorex-sites-in-thailand-and-texas), 2025-08-20: "The acquisition of these two former Vencorex sites fits perfectly to our portfolio and our strategic goals."
- [paint.org](https://www.paint.org/newsroom/news/page/15/), 2025-08-28: "Covestro has signed an agreement with Vencorex Holding SAS, a subsidiary of Thai chemical company PTT Global Chemical Public Company Limited, to acquire two legal entities with stand-alone production sites for hexamethylene diisocyanate (HDI) derivatives in Rayong, Thailand and Freeport, Texas."
- [ascouncil.org](https://www.ascouncil.org/news/covestro-acquires-vencorex-sites-in-thailand-and-texas), 2025-09-18: "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.