Covestro enjoyed a record year in 2016 , not least because of the growth of its polycarbonates division which has continued to go from strengthto-strength
While the picture for many businesses in 2016 was a mixed one , leading polymer manufacturer Covestro enjoyed a record year against the backdrop of a successful Initial Public Offering in 2015 . Driven by demand for innovative materials used in a myriad of consumer and business products , the group ’ s core volumes increased by 7.5 %, amounting to revenues of € 11.9bn .
Covestro ’ s polycarbonates division performed strongly with volumes increasing by 10.3 % over the course of the year , compared to an overall growth of about 4 % in the wider polycarbonate manufacturing market .
“ These excellent results show that we are increasingly successful at replacing conventional materials with superior plastics with a strong demand for polycarbonates ”
Jens Kaatze
SVP , Head of Global Product Management ,
Polycarbonates
36 August 2017