Covestro plans to close three polycarbonate lines and a bisphenol A unit at its Antwerp plant amid high energy costs and Asian competition. The company will retain one line for specialty resins, keepi
ICIS Europe reports on key chemical industry updates, including Tarragona mayors demanding risk strategy overhauls and Covestro reducing polycarbonate capacity. Global chemical prices rose 7.87% in Se
Covestro will close three polycarbonate lines and a bisphenol-A plant in Antwerp citing Asian overcapacity and high energy costs, affecting 260 jobs and shifting focus to specialty grades.
Covestro inaugurated a new pilot plant in Leverkusen to advance chemical recycling of its Vulkollan® polyurethane elastomers. The process recycles over 90% of material by mass and reduces carbon footp
Covestro inaugurated a new Thermoplastic Polyurethane (TPU) application development center in Guangzhou to better serve the Asia-Pacific market. The facility complements existing sites, accelerating c
Covestro has formed a strategic partnership with Xiongdi Technology to provide integrated solutions for high-security documents using its polycarbonate films and functional materials.
At CHINAPLAS, Covestro reaffirmed its commitment to a fully circular strategy, showcasing post-consumer recycled materials and partnerships with local firms like Nongfu Spring. The company highlighted
Covestro has expanded its Shanghai Special Film Technology Service Center to enhance APAC support, upgrading film insert molding capabilities for smart automotive and robotics applications using advan
Covestro forecasts persistent market headwinds with no demand recovery, leading to widened full-year losses that missed analyst consensus expectations.
Germany's Covestro reported a widened Q4 net loss of €378 million driven by lower sales prices and volumes, while completing a strategic partnership with XRG amidst ongoing market challenges and plant
Covestro CEO Markus Steilemann will not extend his contract beyond May 2028, following the company's acquisition by Adnoc subsidiary XRG in December 2025.
Covestro inaugurated its new TPU production base in Zhuhai, expanding its global manufacturing network to serve the Asia-Pacific market. The facility emphasizes sustainable practices and aims to reach
Covestro has completed debottlenecking at its Shanghai facility, increasing TDI capacity to 370,000 metric tons annually.
Covestro has commenced TPU production at its Zhuhai facility in China with an initial capacity of 30,000 metric tons annually, targeting expansion to 120,000 metric tons by the mid-2030s.
Christian Baier will resign as Covestro's CFO in September 2026 by his own request, enabling an orderly search for his successor.
Covestro and Allmed are collaborating in the UK to assess the feasibility of recovering polycarbonate from artificial kidney filters for medical plastic recycling.
ChemBrief