Friday - July 21, 2017

Distribution of high-performance plastics in Italy

Covestro extends partnership with Mito Polimeri and Plastotecnica

Covestro has renewed the long-standing contracts with its partners Mito Polimeri and Plastotecnica for the distribution of high-performance plastics in Italy.

Covestro has been working with both partners for over 40 years. The distribution partnership covers the products Makrolon® (PC), Apec® (PC-HT), Bayblend® (PC/ABS), Makroblend® (PC/PBT), Desmopan® (TPU) and Texin® (TPU).

Italy is an attractive market for a multitude of sectors, in particular the automotive and electronics sectors, but also for household, sporting, recreational and consumer goods. Covestro considers the collaboration with both partners to be an important factor for its long-term success in these markets.

About Covestro:
With 2016 sales of EUR 11.9 billion, Covestro is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. Covestro, formerly Bayer MaterialScience, has 30 production sites worldwide and employs approximately 15,600 people (calculated as full-time equivalents) at the end of 2016.

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Forward-looking statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available at The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.