Covestro AG confirms decision to enter into open-ended discussions with Adnoc

Covestro appoints Christian Baier as new CFO, Dr. Thorsten Dreier to become Labor Director

Covestro starts new Elastomers plant in Shanghai

Investment in the double-digit million Euro rangeNew plant one of several similar investments into the Elastomers business across the globeProducts can be used in offshore wind turbines and to manufacture photovoltaic panels, among others

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 million   Full-year results expected to be rather at lower half of the guidance   Q…

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

Group sales of EUR 3.7 billion  EBITDA of EUR 286 million far surpasses expectations  Net income totals EUR –26 million  Free operating cash flow of EUR –139 million  Q2 2023: EBITDA between EUR 330 million and EUR 430 million expected  Full-year gu…

Preliminary results for the first quarter 2023

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 neutral…

Covestro to build its largest TPU site in China

New site to be built in Zhuhai, South China, with an annual capacity of 120,000 tons of TPU per year after final phase of expansion – Expansion to happen in three phases: First phase to be completed in late 2025, final phase to be completed in 2033 –…

Chief Financial Officer (CFO) Dr. Thomas Toepfer to leave Covestro as of August 31, 2023

Covestro successfully starts up a new world-scale chlorine plant in Tarragona

·         First world-scale plant based upon energy efficient ODC technology·         New plant strengthens European MDI production network of Covestro·         Investment of 200 million euros creates 50 new jobs in Tarragona

Covestro announces preliminary results for fiscal year 2022

Covestro signs major renewable energy supply contracts with Chinese producer CGN

Multi-year contract calls for annual purchase of 300 gigawatt hours of wind and solar power from CGN  Plans to cover 30 percent of electricity demand at Covestro's Shanghai site  Solid basis for significant reduction in greenhouse gas emissions