Markus Steilemann will remain Chief Executive Officer of Covestro for a further five years. The Supervisory Board has extended his contract, which runs until May 2023, until May 31, 2028. Steilemann has been a member of the Covestro Board of Management since September 2015 and its Chief Executive Officer since June 2018...
Plastics Europe announced the appointment of Marco ten Bruggencate, Commercial Vice President for Packaging and Specialty Plastics Emea at Dow, as its President. He succeeds Markus Steilemann, CEO of Covestro. In this new role, Marco ten Bruggencate will continue to drive Plastics Europe’s and...
The European association of plastics manufacturers, Plastics Europe launched the second edition of the “Circular Economy for Plastics - A European Overview”, a detailed report of plastics flows related to production, conversion, consumption, waste management, recycling, and use of recycled plastics in Europe in 2020...
Shareholders approved all the resolutions proposed by the Board of Management and Supervisory Board by the required majority at Covestro Annual General Meeting on April 21, 2022. The actions of Covestro’s Board of Management and Supervisory Board were ratified. As in the past two years, the Annual General Meeting was...
Covestro had a successful fiscal year 2021. The Group benefited from strong global demand and buoyant earnings in the year as a whole. Core volumes sold increased by 10% year on year, mainly due to additional volumes from the Resins & Functional Materials (RFM) business acquired from DSM. In particular...
Covestro recorded a strong third quarter of 2021, which saw a continuation of the high earnings momentum from the first half of the year. Since demand remained strong, high selling prices meant that sales increased by 55.9 percent to around 4.3 billion euros (previous year: around 2.8 billion euros). The core volumes...
The European association of plastics manufacturers, Plastics Europe, unveiled a new visual identity and website with sustainability at its core. This reflects the fundamental changes taking place within both the industry and Plastics Europe. Plastic is a key material in enabling innovation and...
