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February 22, 2017

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Covestro sales jump

SALES of German chemicals producer Covestro in China jumped 18 percent last year as the country expended efforts to boost new materials and renewable energy, the company said yesterday. Covestro’s net sales in China totaled 2.2 billion euros (US$2.3 billion), helped by the electric vehicle sector for which it produces plastics to replace metal to lessen the car’s weight and to save energy consumption.


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