Articles tagged with 'corporate news' | Covestro

Investment decision for commercial scale plant using the ICCP technology of BioBTXThe plant in Delfzijl will create 35 new jobs and process around 20,000 tonnes of waste per year.Outcome: aromatic oil consisting of benzene, toluene and xylenes

Covestro joins BMW, FORVIA HELLA and other partners to develop fully recyclable automotive lighting components "Design for Circularity" meets high-performance polycarbonate: Covestro drives closed material loops in automotive applicationsAI-powered …

Already today, Covestro is publishing the following preliminary financial data for the first half year 2026: Preliminary sales amount to EUR 6,729 million.Preliminary EBITDA amounts to EUR 669 million. This development is mainly …

Covestro completes acquisition of two former Vencorex production sites for HDI derivatives in Rayong, Thailand, and Freeport, Texas, USAAdditional capacities strengthen Covestro’s regional production network and improve supply resilience for …

World-scale MDI train at Covestro Integrated Site Shanghai in China with production start at the end of the decadeUAE feasibility study for second new world-scale MDI train based on existing partnership with TA'ZIZ and FertiglobeBoth MDI production …

Bio4PURConti, a pioneering EU-funded project, aims to develop the world’s first continuous production process for bio-based anilineProject targets semi-industrial scale production of bio-based aniline, a low-carbon drop-in replacement for …

Companies cooperate to reduce the carbon footprint of chloroprene rubber production using ISCC PLUS-certified chlorineChlorine produced with renewable energy reduces the GWP of Baypren® of ARLANXEO by approximately 20% compared to 2025The …

Bayblend® T85X R35 CQ from Covestro, containing 35% post-consumer recycled content, has been adopted for selected interior components in the Lexus ES.The material meets key performance requirements for premium automotive interiors, including …

Three-site network now complete: AD Center in Guangzhou, production in Zhuhai, and R&D in Changhua – driving integrated regional synergiesStrategically located near key industry clusters in consumer electronics, automotive, footwear, PPF and …

Actions of the Board of Management and Supervisory Board ratifiedTransfer of the shares held by the minority shareholders to XRG P.J.S.C. approved against cash compensation of EUR 59.46 per share (squeeze-out under German stock corporation …

New compressor in Dormagen reduces Covestro's energy consumption in Germany by two percentInvestment in the low double-digit million-euro rangeModernization saves approximately 40,000 tons of CO2 emissions per year

The Supervisory Board of Covestro has unanimously decided to appoint Klaus Fröhlich as the new Chief Financial Officer (CFO). The 53-year-old will assume the role from Christian Baier effective October 1, 2026. Christian Baier will leave the company …

Covestro will showcase innovations for textile coatings, adhesive films and thermoplastic polyurethanes (TPUs) at Booth C79, Hall 11.0Pontacol® thermoplastic adhesive film solutions now part of Covestro boothExhibits will highlight how solutions can …

XRG P.J.S.C., Abu Dhabi, United Arab Emirates (“XRG”), today submitted to the Board of Management of Covestro AG (ISIN: DE0006062144 / WKN 606214) the formal request in accordance with Section 327a para. 1 sentence 1 of the German Stock Corporation …

Agreement marks decisive step toward commercialization of smart pyrolysis for polyurethane rigid foam recycling2kt per year facility to produce high purity recycled aniline for MDI productionResulting MDI comes with up to 40% improved carbon …

Group sales at EUR 12.9 billion (–8.7%)EBITDA of EUR 740 million (–30.9%)Free Operating Cash Flow of EUR –283 millionSTRONG program with EUR 275 million in realized savingsPartnership with XRG completed; capital increase strengthens balance …

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The Chief Executive Officer of Covestro AG, Dr Markus Steilemann, today informed the Chairman of the Supervisory Board of the Company that he will not be available for a further term of office upon the expiry of his current term, which runs until …

First shown as a prototype at the 'K' trade fair – now the world premiereDesigned and developed by UE | STUDIOS in a funded project by BMWE and EULarge-scale polycarbonate glazing with 381 cm windshieldSeamless integration of ADAS systems thanks to …

Exploring ammonia supply opportunities from Fertiglobe to key Covestro sites globallyAccess to low-carbon and green ammonia, supports transition towards more sustainable production pathways  Joint assessment of enabling ammonia …

New digital Covestro tool allows to immediately assess and optimize CO₂ impact and attributed-sustainable material content for flexible and rigid PU applicationsTool couples real-time, product-specific sustainability insights with Scope 3 …

Covestro AG decides to apply for switch from the Prime Standard to the General Standard of the Frankfurt Stock Exchange.The shares of Covestro AG (WKN 606214 / ISIN DE0006062144) are currently admitted to trading on the regulated market of the …

Commissioning planned for end of 2026Ten percent of steam at the Brunsbüttel site can be generated with renewable energy thanks to the heat batteryBreakthrough Energy Catalyst and the European Investment Bank (EIB) are supporting the project.

Covestro is pleased to announce that it has been recognized as a Top Employer in China for 2026 by the Top Employers Institute, marking the eighth consecutive year the company has received this honor. This recognition underscores Covestro’s …

XRG P.J.S.C. today informed Covestro AG that the general meeting of Covestro AG shall resolve the transfer of the shares held by the minority shareholders to XRG P.J.S.C. in return for appropriate cash compensation pursuant to sec. 327a para. 1 …

Leadership transition in Supervisory Board following successful completion of strategic partnership with XRGDr. Rainer Seele has succeeded Dr. Richard Pott effective 20 December 2025

Christian Baier, Chief Financial Officer of Covestro AG, has informed the Chairman of the Supervisory Board that he will not be renewing his contract and will leave the company upon expiry of his term in September 2026 at his own request. By sharing …

EUR 1.17 billion capital increase has been executedClosing marks official start of partnership

Feasibility study on recycling of artificial kidney filters explores viability of medical plastic recyclingProject includes distribution specialist Kimal, hospitals, and recyclers to create a complete recycling ecosystemGoal: Creating pathways for …

German Foreign Investment Control approval receivedAll closing conditions fulfilled: transaction expected to close in the coming daysPartnership marks a new chapter of close cooperation with focus on disciplined, long-term value-creationCovestro …