Covestro

As the smart textiles market continues to grow across healthcare, personal protection, sportswear, and automotive applications, developers are seeking new ways to integrate electronic functionality directly into textiles, without the rigidity and complexity of conventional wiring. To address this challenge...

Albis will distribute Covestro’s new Apec XT polycarbonate copolymer range, further expanding its portfolio of plastics designed for demanding environmental conditions. The product line offers exceptional impact resistance even at very low temperatures, combined with improved chemical resistance and optimized tribological properties...

Materials manufacturer Covestro and the Fraunhofer Institute for Environmental, Safety and Energy Technology Umsicht have signed a contract to operate a 2,000 tonnes per year pilot plant for “smart” pyrolysis of rigid polyurethane foam waste. The plant will be operational by...

In the 2025 fiscal year, Covestro achieved its Ebitda target despite a persistently challenging market environment. Volatile geopolitical dynamics, sustained weak global demand coupled with intense competitive pressure, and the impact of the fire at the Dormagen Chempark weighed heavily on the...

Covestro’s CEO, Markus Steilemann, has recently informed the Chairman of the Supervisory Board of the German multinational that he will not be available for a further term and intends to step down from his role on 31 May 2028, upon the expiry of his current mandate...

Materials manufacturer Covestro has successfully completed a major debottlenecking project at its TDI (toluene diisocyanate) production facility in Shanghai, China. The company has increased the annual production capacity from 310,000 to 370,000 metric tons, representing a...

Covestro has commenced production at its new thermoplastic polyurethanes (TPU) manufacturing site in Zhuhai, a coastal city in South China. The first phase, representing a mid-double-digit million-euro investment, will produce approximately 30,000 tons of TPU annually, meeting growing demand for...

The Supervisory Board of Covestro has elected Rainer Seele as its new Chairman on 18 December 2025. He has succeeded Richard Pott effective 20 December 2025, who has stepped down from the board after many years of successful service. The leadership transition follows the...

Christian Baier, Chief Financial Officer of Covestro, 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 this information well in...

At K 2025 in Düsseldorf Covestro will showcase innovative material solutions to address some of the greatest challenges of our time. The company will highlight under the guiding idea "The Material Effect" how transformative, sustainable solutions are made possible through materials. The more than...

In front of 800 guests, Team Sonnenwagen unveiled their new solar race car in Aachen. The goal is the victory in the world's toughest solar race – the Bridgestone World Solar Challenge from 24 to 31 August in Australia. 3,000 kilometers across the Outback – powered solely by the sun...

As expected, Covestro made a moderate start to the 2025 fiscal year. Sales in the first quarter remained at the previous year’s level (3.51 billion euros) and amounted to 3.48 billion euros. This was 0.9% below the previous year’s figure. As expected, Ebitda fell by around 50% compared to the previous year. However...

The Global Impact Coalition (GIC), a CEO-led collaborative platform originally incubated at the World Economic Forum, launches the world’s first Automotive Plastics Circularity pilot together with seven global leaders in the chemical and recycling industries...

Covestro's Vulkollan range of elastomers, launched in 1950, is celebrating its 75th anniversary. "Vulkollan exemplifies Covestro's commitment to innovation in our solutions and specialty segment. As the inventor of polyurethanes, we continue to develop cutting-edge solutions...

Effective 1 February 2025, Yun Chen will take over the leadership of European production for Covestro's Performance Materials Business Entity. In this position, he succeeds Daniel Koch, who is leaving the company at the end of January at his own request. In his nearly 30 years of experience...

Covestro invests a low triple-digit million euro to expand its site in Hebron, Ohio, USA. It will construct multiple new production lines and infrastructure to manufacture customized polycarbonate compounds and blends and significantly expand its capacity in the Solutions & Specialties business for the American market...

The Supervisory Board of Covestro has unanimously appointed Monique Buch as company’s new Chief Commercial Officer (CCO). She is taking over from Sucheta Govil by 1 June 2025. Sucheta Govil has been Covestro CCO since 2019, and her two consecutive terms with...

In the third quarter of 2024, Covestro continued to increase its volumes sold, particularly in the EMLA and APAC regions. Compared to the same quarter of the previous year, Group sales remained stable at around 3.6 billion euros, as lower raw material prices led to lower selling price levels. Compared to the third quarter of...

Neste, Borealis and Covestro have signed a project agreement to enable the recycling of discarded tires into high-quality plastics for automotive applications. The collaboration aims at driving circularity in plastics value chains and the automotive industry. When no longer fit for use, tires are liquefied by means of...

By participating as a strategic partner in the company BioBTX, Covestro is enabling the construction of the world’s first innovative demonstration plant for the BioBTX ICCP-Technology in the Netherlands. The technology makes it possible to produce chemicals such as benzene, toluene and xylene from organic and mixed plastic waste...