Quingdao, Shandong – Covestro and Haier, a Chinese fridge maker, have signed a strategic cooperation agreement.
Haier and Covestro in cooperation agreement
Covestro and Haier have worked together since 1984, when Bayer, Covestro’s predecessor company, supplied the first raw materials to Haier to insulate its fridges. In 2006, the firm became one of the first customers of Bayer’s MDI produced at its integrated site in Shanghai. In 2008, Haier started buying PU systems formulated at the Covestro Shanghai Polymer Research and Development Center.
‘Covestro is committed to exploring advanced technology to support Haier and the household appliances industry globally,’ said Daniel Meyer, Global Head of Covestro’s Polyurethane Segment.
Wu Yong, General Manager, China Refrigeration Industry of Haier Group said: ‘The extended partnership with Covestro will support our worldwide business strategy. By utilising the latest materials solutions in our products in different regions we will meet the upgrading needs of global consumers as well as taking a leading role among Chinese companies going global.’