<![CDATA[AV Press]]> /press/ en Sun, 27 Apr 2025 23:22:56 +0200 Wed, 19 Mar 2025 18:02:35 +0100 <![CDATA[AV Press]]> https://content.presspage.com/clients/150_2529.png /press/ 144 AV Vietnam Partners with Far East Foam to introduce First TDI CQ Mass-Balanced in APAC /press/covestro-vietnam-partners-with-far-east-foam-to-introduce-first-tdi-cq-mass-balanced-in-apac/ /press/covestro-vietnam-partners-with-far-east-foam-to-introduce-first-tdi-cq-mass-balanced-in-apac/657203AV Vietnam has reached a significant milestone in its sustainability journey by securing a contract to supply the first TDI CQ mass-balanced product with ISCC PLUS certification to Far East Foam. This achievement positions Vietnam as the first country in the APAC region, excluding China for AV, to secure such a business deal, marking a substantial step forward in sustainable business practices. 

]]>About AV: 
AV 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. AV 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 AV are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself.

The company is geared completely to the circular economy. In addition, AV 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. AV generated sales of EUR 14.2 billion in fiscal year 2024. At the end of 2024, the company had 46 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents).

Forward-Looking Statements 
This news release may contain forward-looking statements based on current assumptions and forecasts made by AV. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in AV’s public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments. 

]]>Mass Balance: A New Concept in the Local Market 

This milestone is a testament to AV’s commitment to becoming fully circular. The TDI CQ mass-balanced product, also known as  Desmodur® CQ, integrates bio-feedstocks into its production process, significantly reducing CO2 emissions by up to 65% compared to fossil-based products. This innovative solution also supports the transition to a circular economy. 

Far East Foam Vietnam, a Malaysian private company with over 50 years of history, is a leader in producing high-quality foam for mattresses and furniture. The company’s ISCC certification underscores its dedication to Environmental, Social, and Governance (ESG) principles, positioning it as a pioneer in integrating bio-feedstocks into its production processes among foam producers in the region. 

Mr. Chris Loo, Managing Director of Far East Foam, emphasizes the company’s commitment to raising awareness about sustainability among Vietnamese consumers. “With a keen interest in promoting mass-balanced materials and ISCC certification, Far East Foam is dedicated to educating Vietnamese consumers about sustainable practices and the importance of a circular economy. We aim to foster industry transformation and set new standards for environmental stewardship,” said Mr. Loo. 

The mass balance approach allows manufacturers to incorporate bio-feedstocks into their products without modifying their production infrastructure, significantly reducing manufacturing costs compared to traditional methods. This innovative method is relatively new in the local market but holds great potential for advancing sustainable practices. 

A Collaborative Effort for a Greener Future 

Mr. Dang Hoang Giang, Managing Director of AV Vietnam, proudly states, “AV Vietnam’s introduction of the mass balance concept into the foam industry marks a crucial step in advancing sustainable product offerings in Vietnam and elevating AV Vietnam’s profile in the broader market. This deal is expected to inspire other companies along the related industries’ value chain to explore ways in which they can contribute to a more sustainable and brighter future. Through collaborative efforts, we will progress towards a circular economy.” 

]]> Mon, 09 Sep 2024 04:35:00 +0200 https://content.presspage.com/uploads/2529/2f362346-e843-4fa4-9ca7-11626dc6737a/500_medium-sfvisual-massbalancing-3-digital.jpg?10000 https://content.presspage.com/uploads/2529/2f362346-e843-4fa4-9ca7-11626dc6737a/medium-sfvisual-massbalancing-3-digital.jpg?10000 First biobased coating hardener for lightfast polyurethane coatings /press/first-biobased-coating-hardener-for-lightfast-polyurethane-coatings/ /press/first-biobased-coating-hardener-for-lightfast-polyurethane-coatings/385658Pioneer for alternative raw materials

]]>At eMove360° Europe 2018, the international trade fair for Mobility 4.0 in Munich, AV was awarded one of the coveted MATERIALICA Design + Technology Awards 2018. With the world's first biobased hardener for lightfast polyurethane coatings, the company managed to prevail in the “CO2 Efficiency” category.

For years, AV has been increasingly using alternative raw materials to manufacture its products, also to reduce its own dependence on fossil resources. The material manufacturer is thus meeting the growing interest in products on this basis and is presenting itself as a pioneer in terms of sustainability.

Improved ecological footprint
“Our hardener is of similar high quality to its petrochemical counterparts,” explains Hiep Tran, project manager for the biobased hardener in the Coatings, Adhesives, Specialties segment at AV. “With a biomass proportion of 70 percent, however, it achieves a 30 percent better ecological footprint than comparable fossil products.”

In addition, its properties are also comparable, enabling processors to use formulated coatings on their systems with minimal adaptation costs. Coatings based on Desmodur® eco N are equally suitable for automotive, plastics, wood, furniture and industrial coatings.
 
Promising drop-in solution
Along with alternative raw materials, industries such as the automotive industry rely above all on energy savings and the possibility of using existing processes and plants – at competitive prices for the products they use.

The polyurethane raw material Desmodur® eco meets all these requirements: The hardener is produced from fermented feed maize and thus conserves fossil resources. Compared to conventional products, several process steps are saved during its manufacture.

First near-series car paint job
Last year, a project team consisting of employees from the vehicle manufacturer Audi, the BASF Coatings division and AV reached a new milestone: for the first time, Audi Q2 test bodies were successfully coated with a clear coat of the bio-based hardener. The application took place at the Ingolstadt plant under near-series conditions on existing systems. One of the vehicles was exhibited at the European Coatings Show from 4 to 6 April 2017 in Nuremberg.

Desmodur® eco N is just the beginning: AV is expanding its product range to include a large number of variants with different properties – such as the recently launched water-soluble product Bayhydur® eco, which is perfectly tailored to the requirements of high-performance waterborne coatings. At the same time, AV and its partners are working on the development of next-generation biobased raw materials from cellulose and waste biomass.

Renowned award
The MATERIALICA Design + Technology Award is presented to products and concepts that meet demanding criteria such as intelligent material selection, competent engineering, a high degree of innovation and convincing design. The prize has been awarded since 2003 and addresses designers and engineers alike. eMove360° Europe 2018 is one of the world's leading technology trade fairs for sustainable mobility solutions.

About AV:
With 2017 sales of EUR 14.1 billion, AV is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. AV has 30 production sites worldwide and employs approximately 16,200 people (calculated as full-time equivalents) at the end of 2017.

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Forward-looking statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by AV. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in AV’s public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

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