Plastics – Covestro Advantages – economy

Plastic maker Covestro produced 35% more in the last quarter than in the same period a year earlier – and sold at higher prices. The DAX Group benefits from the fact that industries such as the automotive sector have quickly recovered from the Corona crisis; In addition, in April Covestro took over the coating resins business of the Dutch group DSM. “If all the circumstances had gone as planned, we could have produced and sold a lot more,” says CEO Markus Steilemann. “From today’s perspective, that momentum will continue well into the current quarter.” Supply problems due to the onset of winter in the southern United States had slowed Covestro earlier this year.

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