Quality, Innovation and Sustainability: Covestro in Taiwan

UN Sustainable Development Goals

Covestro strongly supports the comprehensive and global approach of the UN Sustainable Development Goals. We want to do our part!

Covestro MagicMaterial School

Covestro launched its MagicMaterial School in Taiwan to integrate chemistry into the life of hearing impaired students and help them build their confidence.

Ocean Protection Storytelling Project

Collaborated with National Museums and Parks to raise the awareness of plastics recycling

Covestro in Taiwan

Covestro is a leading producer of advanced polymers and high-performance plastics around the world. Our business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction as well as Sports and Leisure industries.

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About Covestro

Covestro is one of the world’s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, cosmetics and health, as well as in the chemical industry itself.

The company is committed to becoming fully circular and aims to become climate neutral by 2035 (scope 1 and 2).

News releases

Click here to view recent news releases from Covestro Taiwan.

Corporate News

Covestro invests in the production of more sustainable polycarbonates in Asia Pacific

Capability to deliver over 60,000 tons per year of recycled polycarbonates annually by 2026 in region amid strong demandGroundbreaking on company’s first dedicated mechanical recycling production line in ShanghaiRepurposing of an existing production…

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Corporate News

Solid performance and an increasingly challenging environment

Group sales rise to EUR 4.7 billion (+18.9%)EBITDA of EUR 547 million (–33.0%) above own guidanceNet income totals EUR 199 million (–55.7%)Free operating cash flow (FOCF) falls to EUR –462 millionFull-year guidance 2022 adjustedContinued focus on the…

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Sustainability

Covestro Taiwan Named a Finalist in the 2022 Gartner Communications Awards

Covestro Taiwan announced today that its “MagicMaterial School” CSR program, the sole project from Taiwanese enterprise that was recognized by Gartner, a company that delivers actionable, objective insight to executives and their teams, by being nomi…

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Corporate News

Covestro breaks ground on two new production facilities in Shanghai

New lines for polyurethane dispersions and elastomers to meet rising demandTotal investment of a mid-double-digit million euro amountNew plants increase the scale of the largest production site of Covestro

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Covestro, SK geo centric and Neste cooperate to create value chain for renewable attributed MDI in APAC

Covestro, South Korean petrochemical company SK geocentric and Neste are cooperating to enable the production of a major polyurethaneraw material based on renewable raw materials via mass balance.
Covestro Appoints the New Managing Director of Taiwan

Leading material manufacturer Covestro announced today the appointment of its new Managing Director of Taiwan, Dr. Carsten Wildebrand — the current Head of Specialty Films Plant Management in Dormagen, Germany — as of 1st July.
Popular Choice Award Winners and Nominees of the Adventures of Young Planet Guardians Storytelling Competition Announced

Revitalize Our Ocean with Love
Covestro releases new design trend reports on Color, Material and Finish

The 2022-2023 CMF Design Trend Reports cover automotive, and electronics & electrical and healthcare sectors
Covestro Global Energy Curing Innovation Center’s Open Ceremony at NCU

One of Covestro’s Cutting-Edge R&D Centers
Covestro will expand its Paint Protection Film (PPF) capacity in 2023
- The expansion is planned for Covestro’s appointed PPF production site in Changhua
- The new line will be ready by 2023 with dedicated capacity expansion to meet additional PPF demand
- A multi-million USD investment project
Covestro delivers a keynote speech at the Online Seminar ”Sustainable Industrial Cooperation Between Taoyuan and Germany”

Circularity of Engineering Plastics and a Low-Carbon Future
Covestro, the Biggest Winner of 2022 US PR News Social Impact Awards

Received a total of 8 awards out of 28 categories
Covestro is invited to National Taiwan University’s International Mentorship Program

Keeping global talent in Taiwan.
Successful quarter in an increasingly volatile environment

First quarter of 2022: Continuing high demand at the beginning of the year
Strong full year 2021 for Covestro

Sustainable and profitable growth to a climate neutral future
Covestro aims for climate neutrality

Further milestone in becoming fully circular
Fortescue Future Industries and Covestro announce plans to enter a long-term green hydrogen supply agreement

Fortescue Future Industries intends to supply green hydrogen and its derivatives including green ammonia to Covestro.
Covestro MagicMaterial School & Grandparent-Grandchild Science Camp Nominated for the US’s Renowned PR News Social Impact Awards

Sole Taiwanese campaign finalists in all categories
Brighter Minds for a Brighter World 💕, Registration is Now Open for the National Environmental Story Competition!

Nearly 1250 Prizes, Including 60 Jury Awards.
Covestro signs first global agreement to supply mass-balanced TDI to Sinomax

Further step in expanding circular portfolio
Covestro pioneers the supply of renewable TDI

Another milestone on the way to climate neutrality.
Covestro, Mitsui Chemicals, and Mitsui & Co., Ltd, complete first delivery of certified renewable raw materials in Asia

ISCC Plus certified mass balanced phenol and acetone
Covestro supports circular material solutions for smartphones

Cooperation with mobile phone manufacturer Fairphone.