Covestro

The Supervisory Board of Covestro has unanimously appointed Monique Buch as company’s new Chief Commercial Officer (CCO). She is taking over from Sucheta Govil by 1 June 2025. Sucheta Govil has been Covestro CCO since 2019, and her two consecutive terms with...

In the third quarter of 2024, Covestro continued to increase its volumes sold, particularly in the EMLA and APAC regions. Compared to the same quarter of the previous year, Group sales remained stable at around 3.6 billion euros, as lower raw material prices led to lower selling price levels. Compared to the third quarter of...

Neste, Borealis and Covestro have signed a project agreement to enable the recycling of discarded tires into high-quality plastics for automotive applications. The collaboration aims at driving circularity in plastics value chains and the automotive industry. When no longer fit for use, tires are liquefied by means of...

By participating as a strategic partner in the company BioBTX, Covestro is enabling the construction of the world’s first innovative demonstration plant for the BioBTX ICCP-Technology in the Netherlands. The technology makes it possible to produce chemicals such as benzene, toluene and xylene from organic and mixed plastic waste...

Covestro has finished its first plant for polycarbonate copolymers that can produce these high-quality plastics on an industrial scale at its Antwerp site in Belgium. The new platform technology, which the company developed itself, is based on an innovative, solvent-free melt process in combination with a new...

To drive the global chemical industry on a path to net-zero emissions by 2050, the Low-Carbon Emitting Technologies (LCET) initiative, incubated and hosted by the World Economic Forum for more than three years, has now officially launched as the independent Global Impact Coalition...

Covestro has expanded its production capacities for thermoplastic polyurethane (TPU) films in the Platilon range, as well as the associated infrastructure and logistics in Bomlitz, Lower Saxony, Germany. This site of Epurex Films, a wholly owned subsidiary of Covestro...

Covestro broke ground on its new thermoplastic polyurethanes (TPU) production site in Zhuhai, China. The investment had been announced in February. The new site will be built in three phases and is expected to achieve up to a maximum annual production capacity of 120,000 tons of TPU after the final phase of expansion...

More sustainable plastics, especially those with increasing proportions of recycled material or biomass and consequently a lower carbon footprint, are increasingly in demand. At the same time, the industry is developing new solutions to achieve circular economy and climate neutrality. Covestro...

As part of its ongoing, Group-wide portfolio optimization efforts, in the future Covestro will increasingly focus the Engineering Plastics business entity on its core business. As a result, the Maezio product line with highly specialized fiber-reinforced composites and the associated production at the Markt Bibart...

Markus Steilemann will remain Chief Executive Officer of Covestro for a further five years. The Supervisory Board has extended his contract, which runs until May 2023, until May 31, 2028. Steilemann has been a member of the Covestro Board of Management since September 2015 and its Chief Executive Officer since June 2018...

For the first time Covestro takes part in Fuorisalone, the Design Week which is taking place in Milan from June 6 to 12. The world of design is currently undergoing a major transformation: in addition to functional and aesthetic aspects, the focus on the circular economy is becoming increasingly important. This...

Plastics Europe announced the appointment of Marco ten Bruggencate, Commercial Vice President for Packaging and Specialty Plastics Emea at Dow, as its President. He succeeds Markus Steilemann, CEO of Covestro. In this new role, Marco ten Bruggencate will continue to drive Plastics Europe’s and...

To addresses the growing demand for its high-performance elastomers and serve an ever wider range of very demanding applications, Covestro launches the production of Desmodur 15 prepolymers at its Spanish site of Barcelona. Combining the highest mechanical characteristics with dynamic load-bearing capacity...

Shareholders approved all the resolutions proposed by the Board of Management and Supervisory Board by the required majority at Covestro Annual General Meeting on April 21, 2022. The actions of Covestro’s Board of Management and Supervisory Board were ratified. As in the past two years, the Annual General Meeting was...

Covestro had a successful fiscal year 2021. The Group benefited from strong global demand and buoyant earnings in the year as a whole. Core volumes sold increased by 10% year on year, mainly due to additional volumes from the Resins & Functional Materials (RFM) business acquired from DSM. In particular...

Covestro has entered into an agreement with Mitsui Chemicals on the supply of raw materials phenol and acetone from Iscc Plus certified mass-balanced sources. Both components will be used for the production of polycarbonate at Covestro's Asian sites in Shanghai (China) and Map Ta Phut (Thailand). The high-performance plastic is...

Subsidiary of Maire Tecnimont, Tecnimont has been awarded an engineering, procurement and construction (EPC) contract by Covestro for a new aniline plant in Antwerp, Belgium. The project will realize a substantial additional aniline production capacity to the existing Covestro site in Antwerp...

Covestro recorded a strong third quarter of 2021, which saw a continuation of the high earnings momentum from the first half of the year. Since demand remained strong, high selling prices meant that sales increased by 55.9 percent to around 4.3 billion euros (previous year: around 2.8 billion euros). The core volumes...

Covestro has restructured its organization effective July 1, 2021, and successfully reorganized its previously three segments - Polyurethanes, Polycarbonates, and Coatings, Adhesives, Specialties - into seven new, tailored business entities. The company has thus achieved a first milestone in implementing its new “Sustainable Future” strategy...