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48 Current news of covestrorss
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Capacity at site increased by about 50,000 metric tons per year
With demand for high performance coatings and adhesives growing in Asia, materials manufacturer Covestro is expanding production of the crucial raw material HDI. To satisfy this demand, a new world-scale plant at the Shanghai site in China has been inaugurated. It can produce up to 50,000 metric ...
Process helps cut the use of crude oil
Carbon dioxide instead of crude oil – Covestro is now, for the first time, using CO2 to produce plastics on an industrial scale. On Friday, the company opened a production plant for an innovative foam component made with 20 percent CO2 at its Dormagen site near Cologne, Germany. The new process ...
Further key milestone for materials manufacturer on the stock markets
Some three months after its admission to the MDAX index, Covestro will join another major index family – the STOXX Europe 600 and the associated sector indices. Inclusion in the STOXX Europe 600 index, which comprises 600 companies from 18 countries across Europe means that Covestro is now also ...
Covestro and partners working on new climate-friendly process
Carbon dioxide is being used ever more widely as a novel raw material in plastics production. As part of the “Production Dreams” project, materials manufacturer Covestro is working with RWTH Aachen University and the Technical University of Berlin, both in Germany, on a further process that will ...
Volume growth and high cash inflows expected again in 2016
Covestro can look back at very successful development in its first year of independence. All financial targets were achieved in 2015. Compared with the prior-year period, adjusted EBITDA increased substantially, and the free operating cash flow reached a record level. The recently listed company ...
Optimistic outlook for the full year
Following a successful third quarter, materials manufacturer Covestro sees confirmation of its confidence for the full fiscal year. The company, which was recently listed on the stock market, expects a substantial increase in profitability in 2015. Free operating cash flow is on track for a new ...
Group sales increase to EUR 11,036 million
The Bayer Group made further strategic progress and posted strong earnings growth in the third quarter of 2015. “A few weeks ago we announced changes to our organizational structure. The new organization is aimed at supporting our strategy as a leading Life Science company and putting us in an ...
Bayer MaterialScience is from now on operating under the Covestro name. The company is now legally and economically independent, but will remain a 100 percent subsidiary of Bayer AG. Bayer wants to float Covestro on the stock market by mid-2016 at the latest in order to concentrate exclusively on ...