Covestro deepens collaboration with Ausell to advance end-of-life automotive plastics recycling
Joint initiative to build a closed-loop for automotive plastics recyclingPlastics recycled from end-of-life headlamps to be used for new automotive applicationsAddressing rising industry demands and regulations
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 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…
Announcement of change of Country Representative and President
Tokyo, April 4, 2023 – Covestro Japan Ltd. (Headquarters: Minato-ku, Tokyo) announces that Mr. Munetaka Uchimura will be appointed as Country Representative for Covestro in Japan and President of Covestro Japan Ltd., succeeding Mr. Kimiyasu Yonemaru…
Covestro achieves EBITDA guidance despite looming recession
Group Sales rise to EUR 4.6 billion (+7.3%)EBITDA of EUR 302 million (–65.0%)Net income total EUR 12 million (–97.5%)Free operating cash flow (FOCF) falls to EUR 33 million (–91.3%)Full-year guidance for 2022 narrowedFurther milestones on the path to…
Covestro becomes sole owner of Japan Fine Coatings Co., Ltd.
Purchase of JSR Corporation’s remaining 30 percent share in the joint venture Japan Fine Coatings Co., Ltd.Business activities including production and R&D in Japan to be continuedFiber optical market with strong potential due to 5G roll-out
Covestro successfully completes acquisition of Resins & Functional Materials business from DSM
Covestro to become one of the leading global suppliers for sustainable coating resinsAcquisition adds around EUR 1 billion in revenuesConsequent implementation of sustainable growth strategy
Announcement of Relocation of DIC Covestro Polymer Head Office
We are pleased to announce that DIC Covestro Polymer Head Office will relocate to the following address as of December 14th. We hope to be able to further expand and enhance our services. We greatly appreciate your continued support.
Covestro to acquire leading sustainable coating resins business from DSM
Covestro to become one of the global leaders in attractive growth market for sustainable coating resinsCombining strong innovation capabilities to accelerate transition to circular economyComplementary product portfolios and application industries ex…
