Articles tagged with 'Covestro China' | Covestro

Covestro Press (Covestro China)

2024
26
March
2024
| 04:30 Europe/Amsterdam
In another stride towards embracing the circular economy, Covestro has successfully implemented a pioneering distributed photovoltaic (PV) power generation facility at its Shanghai production site, incorporating innovative materials developed by the
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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
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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
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18
January
2024
| 14:05 Europe/Amsterdam
Materials manufacturer Covestro has been certified as a Top Employer in China for the sixth consecutive year by the Top Employers Institute. The company outperformed benchmarks in such areas as well-being, employer branding, digital HR, and
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2023
19
December
2023
| 12:18 Europe/Amsterdam
Commercial deployment marks significant progress in green logistics pilot programReady for scaling up at company’s largest production siteContributing to scope 3 emissions reduction and a circular economy
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28
November
2023
| 10:00 Europe/Amsterdam
New PU dispersion is one-third bio-based
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16
November
2023
| 08:15 Europe/Amsterdam
Low-carbon-footprint PUDs with up to 80 percent alternative raw materials1  based on solidsDrop-in solution with identical technical properties from batch to batchOffering starts from Q1 2024
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14
November
2023
| 10:00 Europe/Amsterdam
Advancing localization in R&D and productionInnovative solutions across transportation, construction, printing and packaging, and industrial coatings sectorsCollaborating on a sustainable packaging innovation white paper with Tongji University
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10
November
2023
| 10:00 Europe/Amsterdam
Global strategic cooperation agreement signed at China International Import ExpoPartnership paves the way for innovative solutions that directly enhance the automotive industry in North America, Europe, and ASEANAdvancing the expansion of
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08
November
2023
| 10:01 Europe/Amsterdam
Buildings account for over half of nation’s emissions as government promotes more stringent energy targetsPolyurethane-based solutions from Covestro support construction sector’s transition to more sustainabilityCollaborations with property
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08
November
2023
| 10:00 Europe/Amsterdam
Six-party agreement signed at CIIE marks the launch of industry cooperation platformDiversified solutions to create more circular, lighter and higher-performance solar PV modulesAlternative raw materials to empower industry development for a
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07
November
2023
| 12:00 Europe/Amsterdam
Specialized polycarbonate (PC) films successfully applied in vehicle display light guide platesInitial order of 20 tons for Makrofol® LM807Enhanced partnership to expand use of PC films in vehicle displays
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07
November
2023
| 12:00 Europe/Amsterdam
Cooperation agreement signed with China’s CRRC Tangshan and Paint-KeyProduction efficiency, energy and carbon reduction, waterborne solutions in focus of industry’s green transformationWaterborne topcoat solution for high-speed trains meets
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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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06
November
2023
| 12:00 Europe/Amsterdam
Exploring expansion of mass-balanced MDI in Huafon’s portfolioNew agreement follows joint appearances at China International Import Expo in previous years 
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06
November
2023
| 10:00 Europe/Amsterdam
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
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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
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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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27
September
2023
| 10:05 Europe/Amsterdam
Groundbreaking of company’s largest future TPU site in Zhuhai, ChinaStrengthening the production network for high-performance TPU to meet rising global demandUtilizing advanced production technologies and run entirely with renewable power
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07
September
2023
| 05:41 Europe/Amsterdam
Upgraded waterborne products covering consumer electronics, sports and leisure, mobility, printing and packaging.Pioneering a circular economy through integrated production and research capabilities
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23
August
2023
| 08:37 Europe/Amsterdam
New plant to come on stream in Q1 2024Modular construction saves time and improves investment efficiencyEnvironmentally compatible PUDs replace solvent-based typesMore circular versions to be offered graduallyDiverse applications in automobile,
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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
| 15:00 Europe/Amsterdam
Huafeng developed more sustainable HAPTIC® textile coating solution based on Covestro’s partly bio-based Impranil® CQ DLS/1 PU dispersionNew textile coating solution was used to produce official shorts and shoes of Team Sonnenwagen solar car
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08
August
2023
| 10:00 Europe/Amsterdam
Investment in the double-digit million Euro range New 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
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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
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25
May
2023
| 12:00 Europe/Amsterdam
On May 25, at the 16th (2023) International Photovoltaic Power Generation and Smart Energy Conference & Exhibition (referred to as SNEC), Covestro was honored with the polyurethane certificate for solar composite frames. The certificate was
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19
May
2023
| 10:00 Europe/Amsterdam
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
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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
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19
April
2023
| 10:00 Europe/Amsterdam
Introduction of a grade with 90 percent recycled contentClimate neutral1 polycarbonates with up to 89 percent sustainable shareCollaboration with Jabra on Evolve2 headset
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23
March
2023
| 09:01 Europe/Amsterdam
Covestro’s Baydur® polyurethane resin has earned a commercial material certificate in solar energy by TÜV Rheinland Germany, the international independent third-party testing, inspecting, and certification agency. This is also TÜV Rheinland’s first
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