Covestro
Chemicals company Covestro is making personnel changes to its Executive Board and Supervisory Board. Chief Financial Officer Christian Baier will leave the company in fall 2026, while Dr. Rainer Seele will take over as Chairman of the Supervisory Board. The changes follow the successful conclusion of the partnership with XRG and are part of a targeted realignment of the management structure. The...
Leadership change in Europe: Effective February 1, 2025, Dr. Yun Chen will take over the leadership of European production for Covestro's Performance Materials (PM) Business Entity. In this position, he succeeds Dr. Daniel Koch, who is leaving the company at the end of January at his own request. After three successful years as head of Performance Materials Operations APAC, Dr. Yun Chen will...
The automotive industry is working intensively on decarbonization and smarter solutions. New material developments can make an important contribution to achieving this goal. Against this background, Covestro and the Chinese premium electric vehicle brand Hiphi have opened a joint laboratory at the China International Import Expo (CIIE) to develop low-carbon material solutions and smart...
Covestro broke ground on its new Thermoplastic Polyurethanes (TPU) production site in Zhuhai, China. The investment had been announced in February. The new site will be built in three phases and is expected to achieve up to a maximum annual production capacity of 120,000 tons of TPU after the final phase of expansion. The mechanical completion of the first phase is estimated for 2025. This will...
The industry is discovering more and more possibilities for the use of artificial intelligence (AI). However, when implementing and using AI in the chemical industry, many peers face similar challenges that still need to be solved. For this reason the chemical companies Covestro and Evonik as well as the consulting firm Accenture invited managers from production and technology divisions of Bayer...
