The Leverkusen plastics manufacturer is benefiting from the supply bottlenecks in the industry.
Dusseldorf In the chemical industry, Covestro is considered one of the most powerful manufacturers – at least when it comes to controlling sales prices. In 2021, the prices for the group’s plastics went through the roof once again, and with them sales and profits.
Rarely has Covestro experienced such a run on its products as in the past year. The people of Leverkusen hung the “Sold out” sign on the factory gates and were largely able to pass the increased raw material costs on to customers without any problems. The group is thus showing once again that it can benefit greatly from the supply bottlenecks in its industry.
Covestro CEO Markus Steilemann will therefore present a strong group to the shareholders at the Annual General Meeting on Friday. This also underpins this year’s Handelsblatt analysis of the balance sheet. The momentum in the operating business is likely to have continued in the first quarter.
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue
Read on now
Get access to this and every other article in the
Web and in our app free of charge for 4 weeks.
Continue