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Business & Finance

German Chemical Industry Association reorganizes top

Covestro boss becomes Vice President of the VCI

Markus Steilemann advocates dialogue in industry and society

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Covestro signs EUR 225 million loan facility with European Investment Bank for R&D activities

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Response to further spread of coronavirus

Covestro postpones Annual General Meeting

Annual General Meeting of Covestro AG will not take place on April 17, 2020, due to coronavirus pandemic / Meeting is postponed to a later date

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Covestro signs EUR 2.5 billion new syndicated revolving credit facility with ESG element for the first time

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Long-term development and sustainable innovations through venture capital

Covestro invests in start-ups

Investments in start-up companies planned in five areas / First investments have already been made

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Presentation

Solid results in a challenging environment

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Fiscal 2019: Further volume growth while prices remain at a low level

Covestro achieves targets in continuing challenging market environment

Core volumes up by 2.0% / Group sales total approximately EUR 12.4 billion (–15.1%) / EBITDA as forecast at approximately EUR 1.6 billion (–49.9%) / Program launched to promote circular economy / Dividend proposal of EUR 2.40 per share / Outlook for 2020: Full year remains challenging

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SPECIALIZED PRESS

Recticel and Covestro collaborate in the development of circular materials

Closing cycles for polyurethane mattresses

Both companies join forces in the PUReSmart research project / First time use of CO2-based cardyon® product in mattresses

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Complete divestment of Covestro’s polycarbonate sheets business

Covestro closed sale of European polycarbonates sheets business to Serafin

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