Tag: Markus Steemann
Why things are going badly and how the industry will continue
Dusseldorf Bad news from the chemical industry is almost the order of the day: when industry leader BASF recently issued a profit warning, the share only fell slightly. Investors had…
How renewable resources are replacing petroleum
Dusseldorf Anyone who drives past huge chemical plants on the Autobahn between Cologne and Bonn would have no idea: old chip fat is being processed here, possibly from your last…
Covestro raises forecast for the year – share buyback to continue
Covestro boss Steilemann The CEO sees the German locations as internationally competitive. (Photo: imago images/Rainer Unkel) Dusseldorf The plastics manufacturer Covestro started the new year much better than expected and…
Dax bosses will earn significantly less money in 2022
Dax bosses Papperger, Steilemann, Appel (from left) Many Dax bosses made less money in 2022. (Photo: dpa, Imago (2)(M)) Dusseldorf, Munich The CEOs of the largest listed companies in Germany…
Compensation of the Dax bosses fell significantly in 2022
Dax bosses Papperger, Steilemann, Appel (from left) Many Dax bosses made less money in 2022. (Photo: dpa, Imago (2)(M)) Dusseldorf, Munich The CEOs of the largest listed companies in Germany…
High energy costs – what Covestro, Evonik & Co. expect
chemical industry Companies fear serious consequences from expensive energy, recession and onerous regulation in 2023. (Photo: Imago) Dusseldorf Chemical managers like to use football comparisons. At the end of 2021,…
VCI warns of dramatic developments and company bankruptcies
Frankfurt According to the industry association VCI, the prospects for the chemical industry in Germany have continued to deteriorate in recent months. Association President Markus Steilemann drew a correspondingly bleak…
VCI warns of dramatic developments and company bankruptcies
Gloomy outlook for chemistry The high energy prices are causing problems for the industry. (Photo: dpa) Frankfurt According to the industry association VCI, the prospects for the chemical industry in…
Bonus ban for state aid? Companies fear disadvantages
employee in an industrial company Many medium-sized companies have entered into contractual obligations towards their employees with regard to bonus payments. (Photo: DigitalVision/Getty Images) Dusseldorf The dispute over a possible…
Help despite profit? Company faces ban on bonuses & dividends
Plant of a chemical company Energy-intensive industries are relieved by the gas price brake, but sometimes they make high profits even without it. (Photo: imago images/Future Image) Dusseldorf, Berlin Companies…
“The economy is headed for recession”
Dusseldorf As a plastics manufacturer, Covestro has major customers in almost every industry and region – the Dax group therefore always has a good insight into the world markets. From…
Covestro wants to reduce costs and gas consumption
Covestro The bottom line is that the group was just in the profit zone in the third quarter. (Photo: Reuters) Dusseldorf The plastics manufacturer Covestro is hit hard by the…
German industry hopes for China – recovery there is in danger
Chinese with protective masks in Beijing Observers do not expect the corona restrictions to be really relaxed until autumn at the earliest. (Photo: dpa) Beijing, Dusseldorf Europe’s economy is weakening,…
Steilemann fears “deep and prolonged recession”
Dusseldorf Two developments are forcing Covestro boss Markus Steilemann to take a radical step: he has to lower the plastics manufacturer’s profit forecast for 2022 for the second time within…
Covestro: Plastics manufacturer benefits from material bottlenecks
Balance sheet check Covestro 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…