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 

Covestro launches production for Vulkollan® raw materials in Thailand

Meeting the growing demand for high performance elastomers Covestro recently started up the production of Naphthylen-Diisocyanate (NDI) for the Vulkollan® raw material at a newly built plant in its Map Ta Phut site in Thailand. The groundbreaking of…

Dr. Thorsten Dreier appointed as new CTO of Covestro

Covestro successfully issues EUR 500 million green bond

Investment project for a world-scale MDI plant paused

Economic conditions require project reassessmentMDI remains a growth market long-termNo fundamental investment stop