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

Europeans join forces on CO2


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 ...


New segment heads at Covestro


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 ...


Strong second-quarter earnings for Covestro

Group sales up 17.0% to EUR 3.5 billion


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


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


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 ...


Strong first quarter for Covestro


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 ...


Covestro continues MDI production in Tarragona

Closure of production facility suspended


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 ...


Covestro achieves record year

Net income more than doubled


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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XL startup: Covestro established one year ago

Very successful financially – share price approximately doubled


Covestro is turning one: The materials manufacturer has been standing on its own two feet for a year now and can look back on a fast successful development. Following the official separation from the Bayer Group on September 1, 2015, the former Bayer MaterialScience established itself of the ...


Strong second quarter for Covestro

Bayer loans repaid in full


In the period from April to June 2016, the materials manufacturer Covestro continued its successful development from the first quarter of the year. Adjusted EBITDA increased by 8.8% to EUR 542 million year-on-year, mainly driven by higher core volumes in the Polyurethanes and Polycarbonates ...


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