Covestro, a global leader in innovative polymer materials, has announced an expansion at its Hebron facility to better serve the growing needs of the automotive, healthcare, and electronics industries in North America.
The company says the investment will be in excess of $100 million and include new advanced production lines to manufacture high-performance polycarbonate materials, creating 24 new jobs and retaining 145 current positions.
The expanded facility will produce specialized materials used in products like automotive parts, medical devices, and electronics. The investment strengthens Covestro’s ability to provide customized solutions to its North American customers while reinforcing Hebron as a critical component of the company’s operations.
“This investment, which follows our recent announcement of a $40 million investment in our R&D capabilities in Pittsburgh, underscores how critical our U.S. sites and the U.S. market are to Covestro’s global strategy,” says Samir Hifri, chairman and president of Covestro LLC. “The expanded capacity of our polycarbonate compounding capabilities in Ohio will both help us better supply our customers as well as represents a commitment to our employees, the Hebron, Ohio community, and the U.S. market as a whole.”
Construction on the new facility will begin in 2025, with operations expected to start by late 2026. The expansion is part of Covestro’s “produce in the region for the region” approach, focusing on supply chain reliability and responsiveness to customer needs.
“Covestro’s decision to invest further in their facility in Licking County highlights the strength of our workforce and the value our community brings to the company’s growth,” said Alexis Fitzsimmons, Executive Director of Grow Licking County. “This expansion reflects the trust Covestro has in our community and demonstrates the opportunities available in Licking County for advanced manufacturing and innovation.”
“Covestro’s growth in Hebron reinforces Ohio’s leadership in advanced materials manufacturing,” said JobsOhio President and CEO J.P. Nauseef. “This expansion of the German-headquartered company in the Columbus Region strengthens Ohio’s position as a hub for businesses seeking talent and a premier location to serve their customers in the North American market.”
A groundbreaking event for the new facility is expected to take place in late Spring 2025.
About Covestro
Covestro is one of the world’s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself.
The company is committed to becoming fully circular. In addition, Covestro aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group’s Scope 3 emissions are also set to be climate neutral by 2050. Covestro generated sales of EUR 14.4 billion in fiscal year 2023. At the end of 2023, the company had 48 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents).
About JobsOhio
JobsOhio is a private nonprofit economic development corporation designed to drive job creation and new capital investment in Ohio through business attraction, retention and expansion. The organization also works to seed talent production in its targeted industries and to attract talent to Ohio through Find Your Ohio. JobsOhio works with seven regional partners across Ohio: Dayton Development Coalition, Lake to River, Ohio Southeast, One Columbus, REDI Cincinnati, Regional Growth Partnership and Team NEO. Learn more at www.jobsohio.com. Follow the company on LinkedIn, Twitter and Facebook.
About One Columbus
As the economic development organization for the 11-county Columbus Region, One Columbus’ mission is to lead a comprehensive regional growth strategy that develops and attracts the world’s most competitive companies, grows a highly adaptive workforce, prepares our communities for the future and inspires corporate, academic and public innovation throughout the Columbus Region. One Columbus expertly guides companies through the location decision process. Through strategic business outreach and customized research, the One Columbus team leverages public, private and institutional partnerships to grow the Columbus Region’s economy and strengthen its national and international competitiveness. Funding is received from more than 300 private organizations, local governments, academic institutions and JobsOhio. Learn more at ColumbusRegion.com.
One Columbus Media Contact:
Jon Keeling
614-657-5917
jk@columbuspartnership.com
