Covestro media center

Covestro strengthens partnership with China’s Huafon at key trade expo

Exploring expansion of mass-balanced MDI in Huafon’s portfolioNew agreement follows joint appearances at China International Import Expo in previous years 

Covestro returns to the China International Import Expo in Shanghai

Participation in major trade expo for three years in a rowFirst showcase of chemically recycled PU foam in ChinaStrengthening partnerships from mobility to construction for a circular future

Covestro achieves EBITDA guidance for third quarter

Group sales of EUR 3.6 billion (–22.7%)EBITDA of EUR 277 million (–8.3%) meets guidanceNet income of EUR –31 millionFree operating cash flow rises to EUR 308 million (>100%)Full-year guidance narrowed at the lower end of the rangesNew Chief Financial…

Covestro launches mechanical recycling polycarbonate compounding line in China

Shanghai facility is the inaugural dedicated line of its kind of Covestro with an annual capacity of 25,000 tonsCommitted to supplying 60,000 tons of recycled-content polycarbonates annually in Asia Pacific by 2026Expansive range of premium recycled…

Covestro Huafeng and Cyclone Collaborate on More Sustainable Sports Kit

Huafeng developed more sustainable HAPTIC® textile coating solution based on Covestro’s partly bio-based Impranil® CQ DLS/1 PU dispersion  New textile coating solution was used to produce official shorts and shoes of Team Sonnenwagen solar car proje…

Covestro’s Zhangbin chemical site reduces energy demand by 7%

The multi-million euro investment in a Direct Fired Thermal Oxidizer (DFTO) took four years and was completed on schedule. The DFTO passed and received the operation permit from local government, enabling the Zhangbin site to reduce Volatile Organic…

Covestro Grandparent-Grandchild Science Camp Makes a Big Comeback After the Pandemic

l   The grandparents and grandchildren all felt this camp had created happy memories for them*l   Grandchildren all expressed that this camp meant they got to know their grandparents better*l   85% of the grandparents indicated this camp was the firs…

Chemical recycling of polycarbonates reaches a major milestone

Robust process developed on a laboratory scalePilot-scale technical implementation startsRecycled monomer can be used for the production of polycarbonate

Covestro Marks the Tenth Anniversary of the MagicMaterial School

Established in 2014, Covestro MagicMaterial School, which was named a finalist for the 2022 Gartner Communications Award in the category of “Excellence in ESG, Sustainability and DEI Communications”, will mark its tenth anniversary this Fall.

Covestro confirms full-year guidance despite weak economic activity

Group Sales of EUR 3.7 billion (–20.9%)EBITDA of EUR 385 million (–29.6%)Net income totals EUR 46 million (–76.9%)Free operating cash flow rises to EUR –10 millionFull-year results expected to be rather at lower half of the guidanceQ3 2023: EBITDA be…

Covestro Taiwan Receive End Covid Medal from CDC

Bring Back Happy Childhood Memories – 2023 Covestro Grandparent-Grandchild Science Camp

Designed by Golden Tripod Award winner Professor Liang-Rong Hsu, and his team member Tiffany Chen, the camp aims to foster children’s passion for science, bridge the generation gap, and encourage elders to stimulate their minds. Registration deadline…

Covestro inaugurates new production line and launches new Desmopan®UP TPU series for Paint Protection Film in the automotive and wind sector

New production line started in Taiwan to produce high performance TPU suited for Paint Protection Film (PPF) gradesProducts to be made available globallyNew TPU-based PPF solutions offered under Desmopan®UP brand nameLong-lasting protection for autom…

Covestro gets off to better-than-expected start in 2023

Group Sales of EUR 3.7 billionEBITDA of EUR 286 million far surpasses expectationsNet income totals EUR –26 millionFree operating cash flow of EUR –139 millionQ2 2023: EBITDA between EUR 330 million and EUR 430 million expectedFull-year guidance adju…

Covestro expands its range of more sustainable polycarbonates

Introduction of a grade with 90 percent recycled contentClimate neutral1 polycarbonates with up to 89 percent sustainable shareCollaboration with Jabra on Evolve2 headset

Covestro polyurethane resin earns commercial material certificate in solar energy from TÜV Rheinland

Covestro to offer GMP grade TPU in Asia Pacific

Company now provides products for food contact and healthcare applications in the Asia-Pacific region that meet the high-quality and safety standards of ‘Good Manufacturing Practice’ (GMP)Products will be offered under Desmopan® GMP brand nameCompany…

Covestro drives circular economy forward with high-performance PU composites

Managing challenging times

Group Sales total EUR 18.0 billion (+13.0%)EBITDA of EUR 1.6 billion (–47.6%)Positive free operating cash flow of EUR 138 million (–90.3%)Greenhouse gas emissions fall to 4.7 million metric tons (–9.6%)Circular economy and climate neutrality more imp…

Covestro Taiwan Received PR News 2023 Social Impact Award

Covestro launches new ultra-durable material solution for healthcare and life sciences

Makrolon® 3638 polycarbonate is engineered to meet rigorous standardsMaterial offers a unique combination of properties that are maintained over a wide temperature rangeIt underscores the commitment of Covestro to developing innovative material solut…

Covestro announces preliminary results for fiscal year 2022

Covestro awarded for transparency on climate protection measures

Group again receives excellent CDP “A-” ratingRanking confirms strong climate strategy and transparencyTop score achieved in four categories

The Mass Balance TPU From Covestro's Changhua Site Advances Chaei Hsin's Shoe Materials to its Circular Goal

·   The Changhua Site has obtained ISCC Plus certification in this April for mass balance production ·   Covestro has supported its client in Taiwan, Chaei Hsin, to reach the circular goal with a more sustainable TPU solution, maintaining the product…

Covestro Taiwan was invited by Ministry of Economic Affairs to share CSR Best Practice

Covestro Taiwan will close the Linyuan site in the first half of 2023

Sinomax debuts first low-carbon mattress using Covestro’s bio-attributed TDI

·        Debut comes a year after Covestro and Sinomax signed their first commercial contract on mass-balanced TDI ·        Bio-attributed TDI carbon footprint is 36 percent lower than fossil-based counterparts, thus helping to reduce CO2 emissions p…

Covestro achieves EBITDA guidance despite looming recession

Group Sales rise to EUR 4.6 billion (+7.3%)EBITDA of EUR 302 million (–65.0%)Net income total EUR 12 million (–97.5%)Free operating cash flow (FOCF) falls to EUR 33 million (–91.3%)Full-year guidance for 2022 narrowedFurther milestones on the path to…

Winners of National Environmental Story Contest Announced

Total entries: 658 children from 107 schools across Taiwan and its offshore islands took part in the competitionA total of 21,636 social media accounts cast 146,418 votes69 Judge Award Winners were chosen from 24 contest categories.

Covestro decides to exit formulated polyether polyols business for the appliance industry in China, India and ASEAN

Part of portfolio optimization for the ‘Tailored Urethanes’ Business EntityAppliance remains a key industry for Covestro, company will continue to supply high quality MDI for it 

Covestro invests in the production of more sustainable polycarbonates in Asia Pacific

Capability to deliver over 60,000 tons per year of recycled polycarbonates annually by 2026 in region amid strong demandGroundbreaking on company’s first dedicated mechanical recycling production line in ShanghaiRepurposing of an existing production…

Solid performance and an increasingly challenging environment

Group sales rise to EUR 4.7 billion (+18.9%)EBITDA of EUR 547 million (–33.0%) above own guidanceNet income totals EUR 199 million (–55.7%)Free operating cash flow (FOCF) falls to EUR –462 millionFull-year guidance 2022 adjustedContinued focus on the…

Covestro Taiwan Named a Finalist in the 2022 Gartner Communications Awards

Covestro Taiwan announced today that its “MagicMaterial School” CSR program, the sole project from Taiwanese enterprise that was recognized by Gartner, a company that delivers actionable, objective insight to executives and their teams, by being nomi…

Covestro breaks ground on two new production facilities in Shanghai

New lines for polyurethane dispersions and elastomers to meet rising demandTotal investment of a mid-double-digit million euro amountNew plants increase the scale of the largest production site of Covestro

Covestro, SK geo centric and Neste cooperate to create value chain for renewable attributed MDI in APAC

Covestro, South Korean petrochemical company SK geocentric and Neste are cooperating to enable the production of a major polyurethaneraw material based on renewable raw materials via mass balance.

Covestro Appoints the New Managing Director of Taiwan

Leading material manufacturer Covestro announced today the appointment of its new Managing Director of Taiwan, Dr. Carsten Wildebrand — the current Head of Specialty Films Plant Management in Dormagen, Germany — as of 1st July.

Popular Choice Award Winners and Nominees of the Adventures of Young Planet Guardians Storytelling Competition Announced

Revitalize Our Ocean with Love

Covestro releases new design trend reports on Color, Material and Finish

The 2022-2023 CMF Design Trend Reports cover automotive, and electronics & electrical and healthcare sectors

Covestro Global Energy Curing Innovation Center’s Open Ceremony at NCU

One of Covestro’s Cutting-Edge R&D Centers

Covestro will expand its Paint Protection Film (PPF) capacity in 2023

• The expansion is planned for Covestro’s appointed PPF production site in Changhua
• The new line will be ready by 2023 with dedicated capacity expansion to meet additional PPF demand
• A multi-million USD investment project