Articles tagged with 'Corporate News' | Covestro

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...

Covestro drives forward technologies for recyclingCo-founder of planned research center for the chemical industry

Lower carbon footprint thanks to bio-based materialSupports freshness, quality, and shelf life of foodReduces waste by enabling recyclable packaging

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...

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...

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...

Actions of the Board of Management and Supervisory Board ratifiedDividend: no payout for fiscal 2022 New Board of Management member Dr. Thorsten Dreier presented Dr. Markus Steilemann: Strategy provides strong foundation, product portfolio gradually ...

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

Here you will find all the important documents relating to our Annual General Meeting 2023 at a glance: Our press release, the speeches, the link to the live broadcast as well as downloadable images and further links....

In the course of preparing Covestro’s group accounts for the first quarter 2023, preliminary financial figures deviate from capital market expectations, based on the average values of latest consensus estimates of financial analysts, published by Var...

Covestro has successfully completed the sale of its Additive Manufacturing Business to the 3D printing company Stratasys as of April 3, 2023. The Group had announced in August 2022 that it would sell the Additive Manufacturing Business for a selling ...

Covestro’s third-largest site, Baytown, Texas, USA receives ISCC PLUS certificationFocus on mass balanced products using recycled and bio-attributed raw materialsAlready hundreds of products made from alternative raw materials in the circular "CQ" po...

Chemical recycling of both flexible foam raw materials is now provenRecticel coordinated four-years EU-funded research projectCovestro drives further development through to industrial useEvocycle® CQ Mattress is Covestro's first chemical recycling in...

Investment in the higher double-digit million euro rangeCompletion planned by 2025Applications in ID card, automotive and electronics industriesGrowing range of more sustainable films

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...

Find all documents at a glance here: Our press release on the results for fiscal 2022, the presentation of the Annual Press Conference, the link to our Annual Report 2022 as well as images and further information....

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 expansionExpansion to happen in three phases: First phase to be completed in late 2025, final phase to be completed in 2033Total...

NALYSES research project looks at the entire product cycleConsortium of industry and scienceTransfer of project results to other industries plannedFunding by German Federal Ministry of Education and Research...

The Supervisory Board of Covestro has today acceded to the request from CFO and Labor Director Dr. Thomas Toepfer for the early termination of his current contract, which expires on March 31, 2026. Dr. Toepfer will leave the company as of August 31, ...

First world-scale plant based upon energy efficient ODC technologyNew plant strengthens European MDI production network of CovestroInvestment of 200 million euros creates 50 new jobs in Tarragona

Companies agree production of key basic chemicalsCovestro uses electricity with certificates of origin from hydropower for electrolysis in North Rhine-WestphaliaCooperation reduces CO₂ emissions by up to 120,000 tons per year...

Materials manufacturer Covestro has been certified as a Top Employer in China for the fifth consecutive year by the Top Employers Institute. The company scored particularly high in areas such as well-being, work environment, diversity and inclusion.“...

In the course of preparing Covestro’s group accounts for fiscal year 2022, preliminary full-year financial figures deviate from capital market expectations, based on the average values of latest consensus estimates of financial analysts, published by...

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

Faster and more timely thanks to greater independence from major shipping companiesMore flexibility: direct route from Asia to Europe, smaller ships, several possible destinations

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

Bangkok — Covestro, one of the leading suppliers of premium polymers, officially launched its Learning Center of Plastic Innovation for Sustainability. The centre’s primary objective is to provide an out-of-classroom platform to Thai children to lear...

European Institute of Innovation and Technology (EIT) names solution from Niaga® award winner of the Circular Economy Prize. The prize in the Digital Products Passports (DPP) category underlines the importance of transparency and traceability for a c...

Testing a blockchain system to complement ISCC PLUS

Supporting the development of longer wind bladesFurther collaboration in other areas