Covestro and EMPTECH Partner on High-Security ID Documents

20 May 2026 CW Team

"Covestro, a leading high-performance polymer manufacturer, and EMPTECH, a secure ID document system integrator, have signed an MoU to jointly develop high-security ID document solutions for China and emerging markets. The partnership integrates Covestro’s speciality films with EMPTECH’s personalisation equipment and system expertise to meet growing security and innovation demands.

Secure document personalisation—embedding personal data into passports, national ID cards, and driver’s licences—requires precise alignment between material properties and equipment performance. Covestro will contribute its polycarbonate films and functional materials expertise, while EMPTECH provides system integration and ID equipment know-how, addressing technical requirements in dynamic markets.

Dr. Caroline Wolff, Head of Specialty Films Asia-Pacific at Covestro, said, “By combining our strengths in technology, materials, and innovation, we are well positioned to deliver proven, effective solutions to this dynamic market and provide higher value to our customers.”

Sean Zheng, CEO of EMPTECH, added, “Material performance is critical for secure documents. This partnership strengthens our technical capabilities and competitiveness in emerging markets.”

EMPTECH, listed on the Shenzhen Stock Exchange (SZSE: 300546), delivers secure identity solutions globally, including national ID, passports, digital elections, smart banking, and intelligent transport systems. With operations in over 60 countries, the company leverages AI, biometrics, RFID, and cloud-to-device platforms to provide scalable, secure identity infrastructure."

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..