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Covestro raises the bar and announces share buyback

Strongest quarter in company’s history

24-Oct-2017

Covestro delivered the strongest quarter in the company’s history in the third quarter of 2017 as the positive trend of the first six months carried on. At EUR 491 million, net income was up 89.6% on the prior-year quarter. At the same time, EBITDA was 50.2% higher, and sales rose 16.9% over the ...

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Covestro wins the German Chemistry Award 2017

Strong signal from the workforce

20-Oct-2017

During a festive gala, Covestro was presented with the German Chemistry Award 2017 last night by the VAA, the Managerial Association of the Chemical Industry. Dr. Klaus Schäfer, member of the Board of Management at Covestro AG, accepted the award in his function as Labor Director from Rainer ...

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Chemical industry will use waste gas from steel factories to make plastics

Europeans join forces on CO2

18-Oct-2017

The use of carbon dioxide and other waste gases as a new source of raw materials is increasingly a topic of interest at the European level. A new consortium of 14 partners from seven countries, led by materials manufacturer Covestro, is now planning to investigate how flue gas from the steel ...

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New segment heads at Covestro

25-Aug-2017

Covestro has announced managerial changes in its Polyurethanes and Coatings, Adhesives, Specialties segments effective September 1, 2017. Dr. Markus Steilemann, who has been Chief Commercial Officer (CCO) with Board of Management responsibility for innovation, marketing and sales since April ...

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Strong second-quarter earnings for Covestro

Group sales up 17.0% to EUR 3.5 billion

26-Jul-2017

After a successful start to 2017, the second quarter continued to be positive for Covestro. Ongoing robust demand for polymer materials led to a year-on-year improvement in utilization of available capacities for the industry as well as for Covestro. The result was a sharp increase of 56.5% in ...

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Conserve crude oil: Sustainable raw materials for the chemical industry

More joint efforts and pioneering spirit required

22-Jun-2017

According to experts, the chemical industry needs to increase the use of sustainable raw materials such as plants and CO2 to conserve limited fossil resources. Participants of a raw material summit held on Tuesday at the Technical University of Berlin and organized in collaboration with DECHEMA ...

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Covestro plans for succession of CEO

Changes at the top of Covestro’s Board of Management by end of Q3 2018

26-May-2017

CEO Patrick Thomas has confirmed to the Supervisory Board of Covestro that he will complete his contract as expected on September 30, 2018. The Supervisory Board has therefore decided on the succession of Patrick Thomas as Chairman of the Board of Management. Dr. Richard Pott, Chairman of the ...

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Strong first quarter for Covestro

26-Apr-2017

After a successful fiscal year 2016, materials manufacturer Covestro continued to perform well in the first quarter of 2017 and adjusted its forecast upward for the full year. Thanks to still-strong demand for innovative polymers, the Group’s core volumes increased by 9.0%. Further growth in ...

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Covestro continues MDI production in Tarragona

Closure of production facility suspended

17-Mar-2017

Materials manufacturer Covestro has resolved to continue manufacturing the rigid foam precursor MDI in Tarragona (Spain). The plant closure that had originally been planned for the end of 2017 has been suspended for the time being. The main reason for this decision was the significant increase in ...

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Covestro achieves record year

Net income more than doubled

20-Feb-2017

2016 was a record year for materials manufacturer Covestro. Driven by demand for innovative materials, the Group’s core volumes increased by 7.5%. With greater capacity utilization across its plants, adjusted EBITDA surged by 22.7% above the 2015 figure to EUR 2.0 billion. Net income more than ...

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