Articles tagged with 'Corporate News' | Covestro

Covestro Press (Corporate News)

2024
29
February
2024
| 07:05 Europe/Amsterdam
Reduction of 10 million metric tons of greenhouse gases produced in upstream and downstream supply chains (scope 3) by 2035, climate neutrality for scope 3 by 2050Climate strategy for reducing greenhouse gases completeConcrete plan for implementation...
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29
February
2024
| 07:00 Europe/Amsterdam
Find all documents at a glance here. 
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29
February
2024
| 07:00 Europe/Amsterdam
Group sales of EUR 14.4 billion (–20%)EBITDA of EUR 1.1 billion (– 33.2%)Positive free operating cash flow of EUR 232 million (+68.1%)Climate neutrality strategy finalized with scope 3 targetOutlook for 2024: EBITDA between EUR 1.0 and EUR 1.6 billio...
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20
February
2024
| 10:00 Europe/Amsterdam
Share of renewable power increases to 60 percent of current demandFive-year term from 2026 to 2030Saves 103,000 tons of CO2 emissions
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13
February
2024
| 11:30 Europe/Amsterdam
Significant step toward producing plastics based on plant biomassNew process for petroleum-free raw material on its way to industrial maturityAnother milestone in the promotion of the Circular Economy accomplished  ...
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17
January
2024
| 10:00 Europe/Amsterdam
Encina to supply Covestro with chemically recycled raw materials enabling circular MDI, TDI and polycarbonate starting at the end of 2027Pioneering milestone for raw materials derived from end-of-life plasticsRecycled feedstock reduces carbon footpri...
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2023
18
December
2023
| 15:27 Europe/Amsterdam
Covestro is main sponsor of Team Sonnenwagen for another two yearsCTO Thorsten Dreier: "Reducing emissions together"More sustainable material solutions for interiors, exteriors and powertrains
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05
December
2023
| 10:00 Europe/Amsterdam
Double-digit million investment in TDI plant in DormagenMeasures further improve energy efficiency and CO2 footprintConsistent alignment of production with customer needs
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07
November
2023
| 10:00 Europe/Amsterdam
Joint laboratory to address key challenges of future mobilityDriving commercialization of low-carbon solutions and establishment of relevant standardsDevelopment of smart surface technologies and battery solutions...
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30
October
2023
| 10:00 Europe/Amsterdam
Victory in qualifying, start from pole positionIn the leading group during the raceA total of 38 teams competed in the world's toughest solar car raceMore than 3,000 kilometers through the Australian outback...
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27
October
2023
| 07:05 Europe/Amsterdam
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...
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18
October
2023
| 13:00 Europe/Amsterdam
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 ...
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12
September
2023
| 10:00 Europe/Amsterdam
14 sensors and cameras integrated in closed componentPolycarbonate enables lightweight, aesthetic and durable designCovestro presents a LiDAR roof module for Chinese automaker Human Horizons at the ISAL Symposium...
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08
September
2023
| 19:32 Europe/Amsterdam
The Board of Management of Covestro AG has today decided, in view of the interest in Covestro expressed by Abu Dhabi National Oil Company (Adnoc), to enter into open-ended discussions with Adnoc. Whether, in which form and, if applicable, at which co...
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29
August
2023
| 10:00 Europe/Amsterdam
Combined digital and real world experienceCommunicative approach and motto "Crafting Connections With You"Prominent lecture program with live broadcastingMultiple use of stand construction made of more sustainable materials"Best of the Best" interzum...
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21
August
2023
| 07:34 Europe/Amsterdam
The Supervisory Board of Covestro has unanimously appointed Christian Baier as its new Chief Financial Officer (CFO). He will take over from Dr. Thomas Toepfer on October 1, 2023. Dr. Toepfer will leave the company as of August 31, 2023, and Covestro...
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16
August
2023
| 13:47 Europe/Amsterdam
Robust process developed on a laboratory scalePilot-scale technical implementation startsRecycled monomer can be used for the production of polycarbonate
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09
August
2023
| 14:00 Europe/Amsterdam
New solar car "Adelie" makes rounds in LeverkusenA lot of teamwork, passion and experience lead to optimized prototypeCovestro materials in the new vehicle and sports outfit of the team
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01
August
2023
| 07:04 Europe/Amsterdam
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...
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11
July
2023
| 10:17 Europe/Amsterdam
Unique combination of aesthetics, strength and sustainability Significantly lower material use than in steel and concrete constructionSubstantial reduction in CO2 emissions Natural fibers such as flax are also suitable Polyurethane resin from Covestr...
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22
June
2023
| 10:10 Europe/Amsterdam
Covestro digitalizes product-specific life cycle assessments (LCA)Environmental data for approx. 50,000 intermediates and finished products. Validation by end of 2024 so that data for finished products available for customers gradually in 2024Covestr...
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06
June
2023
| 10:49 Europe/Amsterdam
The Covestro Adelie was designed for the world's toughest solar car race, the Bridgestone World Solar ChallengeCovestro supports project with innovative materials and as main sponsorThe overarching goal is the realization of the circular economy...
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05
June
2023
| 16:00 Europe/Amsterdam
Kaynemaile, a leading global designer and manufacturer of architectural mesh for commercial, residential, and public buildings, today announces a major shift from fossil-based raw materials to biomass content. The company uses Makrolon® RE, an ISCC P...
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05
June
2023
| 15:00 Europe/Amsterdam
Long-term agreement signed with Ørsted as part of its planned Mockingbird Solar Center in Texas, U.S.Covestro’s 90MW share of renewable energy estimated to offset 70,000 tons of CO2 emissions at its Baytown, Texas, site annually, starting in late 202...
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31
May
2023
| 10:00 Europe/Amsterdam
Concept car "muc023" takes 2nd place in the international car race "Shell Eco-marathon" (Europe and Africa)Front and side windows made of transparent lightweight plasticNew polycarbonates with alternative raw materials...
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25
May
2023
| 10:00 Europe/Amsterdam
Covestro drives forward technologies for recyclingCo-founder of planned research center for the chemical industry
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23
May
2023
| 10:00 Europe/Amsterdam
Lower carbon footprint thanks to bio-based materialSupports freshness, quality, and shelf life of foodReduces waste by enabling recyclable packaging
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17
May
2023
| 11:15 Europe/Amsterdam
The industry is discovering more and more possibilities for the use of artificial intelligence (AI). However, when implementing and using AI in the chemical industry, many peers face similar challenges that still need to be solved. For this reason th...
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28
April
2023
| 07:00 Europe/Amsterdam
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...
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24
April
2023
| 10:00 Europe/Amsterdam
Solar coatings plant of Covestro in the Netherlands celebrates its 10th anniversaryThe Netherlands houses the largest independent solar glass coatings producer in EuropeThe journey started 10 years ago as a start-up business producing an innovative c...
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