Covestro media center

Covestro expands production of partially bio-based coatings materials in Asia Pacific

Desmophen® CQ NH contains at least 25 percent bio-based content and is now available in Asia PacificProduced at company’s Foshan site in southern China, powered entirely by renewable energyHigh-performance product finds applications in wind turbine c…

Board of Management and Supervisory Board of Covestro AG support ADNOC International's public takeover offer

Offer price of €62.00 per share in cash, representing an attractive premium of 54 percent to the unaffected share price of CovestroBoard of Management and Supervisory Board recommend to Covestro's shareholders to accept the offerADNOC International i…

Increased profits in challenging market environment

Group sales remain stable at EUR 3.6 billion (+1.0%) EBITDA increases to EUR 287 million (+3.6%)Net income reaches EUR 33 million Free Operating Cash Flow is at EUR 112 million (–63.6%) Investment Agreement with ADNOC signed Guidance for 2024 fiscal…

Covestro signs an Investment Agreement with ADNOC and supports ADNOC’s public takeover offer to all Covestro shareholders

ADNOC International Germany Holding AG makes a takeover offer at €62.00 per Covestro share The Investment Agreement defines key aspects of the strategic partnership, including clear commitments by ADNOC International to fully support the ‘Sustainable…

Covestro to build new TPU application development center in Guangzhou, China

New application development center will enhance customer proximity, foster cross-functional synergies, and streamline talent and resource managementCompany rapidly expands its footprint for TPU in the Asia-Pacific region: new APAC application develop…

‘Beyond Leather Materials’ develops new, >85% bio-based leather alternative made with apple waste using PU dispersions from Covestro

Beyond Leather Materials’ LEAP® contains more than 85% bio-based material, largely waste from apple-pressing processesCovestro’s INSQIN® technology forms the basis for LEAP®’s protective coating, ensuring optimum durability and a premium finishExperi…

Covestro to collaborate with Li Auto on advanced, sustainable material solutions for Next-Gen vehicles

Joint innovation platform with leading Chinese EV maker intendedFocus on circularity and future-oriented applications with engineering plasticsLaunch of new polycarbonate solutions for smart lighting

Covestro introduces new adhesive solutions for automotive and footwear industries

Solutions unveiled at annual China adhesive industry conferenceAdvancing localization to support coatings and adhesives customers in Asia PacificDigital R&D enhancing innovation efficiency

Covestro to unveil innovative PU battery pack solution at China Composites Expo

Collaboration with Chinese automotive Tier 1 supplier Liyang Shanhu on lightweight battery coversMore application scenarios for PU composites on display at Asia’s top composite materials fair

Rebounding volumes in a challenging environment

Group sales stable at EUR 3.7 billion (–0.8%)EBITDA within expectations at EUR 320 million (–16.9%)Group result at EUR –72 millionFree operating cash flow at EUR –147 millionGuidance for 2024 fiscal year: EBITDA between EUR 1 billion and EUR 1.4 bill…

Covestro showcases innovations in cast elastomers in Asia Pacific

Solutions meeting diverse demands from offshore wind to electric vehiclesFirst locally assembled Baulé® alpha machine launched in ChinaMore sustainable elastomers grades available at Shanghai production site

Materials enabling design for circularity

Design of products plays an important role for a circular economyChemical industry at the right spot in value chain to bring knowledge about materials into design discussionsCovestro offers knowledge on various aspects of circular design

Covestro teams up with Alibaba Cloud to advance sustainable plastics traceability

Joint solutions to enhance supply chain transparency of sustainable plasticsCarbon accounting and tracing platform empowered by digital technologyProven use case in the consumer goods sector

Tonney develops more sustainable hairdryers with low-carbon materials from Covestro

First commercial application of Covestro’s bio-based waterborne crosslinker in electronics and appliancesRecycled polycarbonate and CMF aesthetic design further contribute to sustainabilityNew hairdryers unveiled at Design Shanghai

Covestro showcases innovative materials and solutions at SNEC PV Power Expo in China

From old tires to new car parts: Covestro, Neste and Borealis aim at closing loop for automotive industry

Partners signed agreementDiscarded tires liquified via chemical recycling, then processed into base chemicals and further into polycarbonates of high purityRecycled share attributed via the mass balance approachFirst products available already

Covestro launches Desmopan® FR TPU series for cable jacket solutions

New series meeting stringent regulations and expanding company’s TPU portfolioOffering an optimal balance of fire retardancy and physical performanceAvailable in partially bio-based grades to address sustainability needs, particularly in mobility and…

Covestro wins prestigious industry award at Security Document Summit in China

Recognizing company’s commitment to enhancing ID document securityAll-in-one passport and ID card solutions utilizing specialty films

Covestro gets off to a solid start in fiscal year 2024

Group sales of EUR 3.5 billion (–6.2%)EBITDA of EUR 273 million (–4.5%) Net income of EUR –35 million (previous year: EUR –26 million) FOCF of EUR –129 million (previous year: EUR –139 million)Guidance for full-year 2024 confirmed Q2 2024: EBITDA bet…

Covestro collaborates with automotive partners on car-to-car plastic recycling

New joint program aiming for efficient, sustainable automotive plastic recycling

Covestro introduces polycarbonates from recycled, attributed materials for high purity applications

First product from Covestro related to chemically recycled post-consumer waste to answer ELV and EPEAT expectationsJoint development with Neste and BorealisDrop-in solution with identical properties, production and product specifications as fossil-ba…

APEC® XT: new product line based on polycarbonate copolymers from Covestro

Promising application possibilities in the electrical and electronics industry, healthcare, mobility and photovoltaicsEnhanced properties and functions compared to standard gradesPlastics with mass-balanced and recycled raw materials will also be mad…

Covestro welcomes German Chancellor at Asia-Pacific Innovation Center in Shanghai

Asia-Pacific Innovation Center one of Covestro’s leading innovation hubs for world-class research on the way to circular economy High-tech plastics for China’s ongoing green transformation Development of sustainable products, technologies and solutio…

Covestro implements large photovoltaic facility with tailored polyurethanes at Shanghai site

Covestro publishes climate neutrality targets for scope 3 emissions

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 implementation…

Transformation consistently advanced in challenging fiscal year

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 billio…

Covestro certified as Top Employer in China for sixth consecutive year

Covestro implements electric trucks for short-distance chemical shuttling at Shanghai site

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

Innovation for more sustainable textile coatings

New PU dispersion is one-third bio-based

Covestro to launch mass-balanced PUDs in the Asia Pacific market

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

Covestro introduces five coating solutions for sustainable transformation in China

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 profes…

Covestro assists China’s Xinquan Automotive in going global

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 low-carbon,…

Covestro forges pioneering agreements with Chinese developers to advance more sustainable building solutions

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 developer…

Covestro and partners collaborate for a sustainable photovoltaic industry

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 circular…

Covestro collaborates with industry partners to advance low-carbon coating systems for railway transportation

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 commercia…

Covestro and CTOT forge strategic partnership to shape the future of vehicle displays

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

Covestro and HiPhi launch joint laboratory on advanced material solutions for future mobility

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

Covestro strengthens partnership with China’s Huafon at key trade expo

Exploring expansion of mass-balanced MDI in Huafon’s portfolioNew agreement follows joint appearances at China International Import Expo in previous years 

Covestro returns to the China International Import Expo in Shanghai

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

Covestro achieves EBITDA guidance for third quarter

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 Financial…

Covestro launches mechanical recycling polycarbonate compounding line in China

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…

Groundbreaking for new TPU Production Site of Covestro in China

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

Covestro unveils enhanced PUD portfolio at China Adhesive and Tape Annual Conference

Upgraded waterborne products covering consumer electronics, sports and leisure, mobility, printing and packaging.Pioneering a circular economy through integrated production and research capabilities

Covestro CEO leads European plastics association

Markus Steilemann elected to head PlasticsEurope

Empowering the Circular Economy, Covestro presents digital showroom at ChinaCoat 2020

Powering digital innovation & connecting the sustainable future

Covestro works with RAL to present trendy colors in RAL Colour Feeling 2021+

Polycarbonate used for the first time to display colors in essential color guide

Covestro with significant growth in volume and earnings in third quarter

Upward trend stabilized: Demand recovery continues

Stepping up the game

Continuous fiber-reinforced thermoplastic composites enable high-performance components for sports shoes

Premiere for sports floorings with CO2 in China

Covestro joins forces with Chinese partner INOV

Covestro, Chris Lefteri Design jointly release color and materials trends reports

Exploring material applications in design

Netherlands logo made of used plastics for the Netherlands Consulate General in Guangzhou

Covestro promotes circular economy through open innovation

Covestro developed innovative machine for the direct infusion of polyurethane rotor blades

Successful production of a polyurethane wind rotor blade at Goldwind

Covestro, Goldwind and LZ Blades develop world’s first 64.2-meter full polyurethane wind turbine blade

Breakthrough achieved in application of polyurethane resin in wind turbine blades

Q2 2020: Results significantly impacted by the coronavirus pandemic as expected

Full-year guidance confirmed, economic environment remains uncertain

How Quantum Computing can benefit chemistry

Covestro and Google cooperate on research for novel computer technology

Covestro to explore energy-efficient windows and doors market with KraussMaffei and China’s CPIC

Three parties have signed a Memorandum of Cooperation

Carbon fiber composites give luggage a leg up

Chinese luggage brand TUPLUS has released a new carbon fiber suitcase under its “Core” lineup.

Accelerating China’s open innovation initiatives

Covestro-Tongji Innovation Academy with concrete results

Covestro advances strategic cooperation with Silan Group for digitalization

Multiple industrial e-commerce platforms to seize digital opportunities