Covestro lifts force majeure. The company is understood to have announced that it will lift the Force Majeure for polycarbonate (PC) products produced at its Filago site from May 1, 2023.
Covestro has compounding production in Filago, Italy. The capacity at Filago is 45,000 metric tons.
However, while the company lifts force majeur in Filago, the Force Majeure will remain in place at its Uerdingen site.
The electrolysis line at Uerdingen is expected to restart with limited operation from March 31, 2023. The plant should resume full operation by November 30, 2023.
Nonetheless, the company intends to fulfill all confirmed orders for polycarbonate products.
Covestro hopes to fulfill normal market demand for affected polycarbonate products from Q3 onwards.