Home 禄 Business 禄 Manufacturing
Covestro taps China for profit
Print Edition
COVESTRO runs a profitable operation as one of the world’s largest polymer companies as it rides on the sales growth in China’s polyurethanes and polycarbonates business.
The materials manufacturer, split from Bayer last year, said its earnings before interest, tax, depreciation and amortization surged 29.3 percent year on year in the first quarter to 508 million euros (US$575 million), with sales of polyurethanes and polycarbonates growing by 8.5 percent.
“China contributed to 13.3 percent sales growth of Covestro,” said Patrick Thomas, its chief executive officer. “That figure doubles China’s GDP growth rate, and we found superb opportunities in the medical services market and automotive industry.”
Shanghai is home to Covestro’s global headquarters for polycarbonates, which are mainly used in the automotive and appliances sectors.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
