Tag: Plastic products
Several hedge funds are joining the DAX group
Covestro Many investors believe an agreement is very likely after official talks have begun with Adnoc. (Photo: AFP/Getty Images) Düsseldorf, Frankfurt The takeover talks between the plastics manufacturer Covestro and…
Adnoc increases offer for Covestro
Adnoc headquarters in Abu Dhabi The oil company shows strong interest in the Dax group Covestro. (Photo: Reuters) Frankfurt, Dusseldorf According to financial sources, the oil company Adnoc from Abu…
“Germany is the brake on ecology”
Mainz Reinhard Schneider lives up to his reputation. The owner of the frog cleaning agent manufacturer Werner & Mertz is known for vociferously criticizing his own industry. “Companies try to…
Chemicals checks off first half of the year and relies fully on China
Lanxess production in Bitterfeld in East Germany: The group manufactures ion exchangers for water treatment there. (Photo: Lanxess) Dusseldorf After a weak start to the year, there are no signs…
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…
A recycling cycle full of holes – Europe is sinking into yoghurt pots, milk cartons and shampoo bottles
plastic waste Europe has a massive plastic problem. The continent is sinking into yoghurt pots, milk cartons and shampoo bottles. (Photo: dpa) Berlin Small bits of plastic are stuck to…
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…
Covestro with a significant drop in sales and earnings – a loss of 30 million euros
Covestro The plastics group made about a fifth less sales in the past quarter. (Photo: Reuters) Leverkusen At the start of the year, the plastics group Covestro had to accept…
Why manufacturers find it so difficult
Dusseldorf Consumers see the beginning of the plastic revolution with every purchase. On many shampoo tubes or detergent bottles, manufacturers advertise that they use more recycled plastic in their packaging.…
End of the boom for Hapag-Lloyd – Evonik expects profits to fall in 2023
Life insurer Swiss Life exceeds return target Swiss Life’s net profit is up 16 percent over the past year increased to 1.46 billion Swiss francs. The dividend is to be…
Covestro cancels dividend: Chemical companies expect profits to fall
>>iOS This led to a loss for the year of 272 million euros for the Leverkusen team for the first time. The Management Board has therefore decided to cancel the…
End of the boom for Hapag-Lloyd – Evonik expects profits to fall in 2023
Life insurer Swiss Life exceeds return target Swiss Life’s net profit is up 16 percent over the past year increased to 1.46 billion Swiss francs. The dividend is to be…
This is how future CFO Thomas Toepfer ticks
Dusseldorf, Paris Five years in plastics, now the world of aircraft construction: Thomas Toepfer, CFO of Covestro for many years, is moving to the same position at Airbus. On September…
BMW heiress Susanne Klatten leaves SGL Carbon board of directors
Suzanne Klatten She is considered the richest woman in Germany. Munich BMW major shareholder Susanne Klatten resigns as head of the supervisory board of the graphite specialist SGL Carbon in…
BMW heiress Susanne Klatten leaves SGL Carbon board of directors
Suzanne Klatten She is considered the richest woman in Germany. BMW major shareholder Susanne Klatten resigns as head of the supervisory board of the graphite specialist SGL Carbon in May.…
Covestro slides into the loss zone
Covestro headquarters in Leverkusen The provisionally determined sales fell short of the analysts’ estimates. (Photo: dpa) Frankfurt Depreciation and tax effects surprisingly pushed the plastics group Covestro into the red…
This company has solved the problem of plastic waste
sample depots The strategists (from left): Laetitia-Zarah Gerbes (Acatis Investment), Gabriele Hartmann (Perspective Asset Management) and David Wehner (Do Investment). (Photo: private) Frankfurt Let’s start the year with optimism –…
“Urban mining” can become the engine for the global circular economy
Wrecked cars in a junkyard Valuable raw materials can be found in car wrecks, ruined buildings and old electronic devices. (Photo: IMAGO/Peter Widmann) It is an invaluable treasure that slumbers…
Daimler Truck increases sales significantly – Jungheinrich is growing
Energy group EnBW cuts forecast for 2022 The energy group EnBW has lowered its forecast for the year after the first nine months. The supplier now expects one for 2022…
Lanxess restricts investments in Germany and China – USA benefits
Matthew Zachert Internally, Lanxess is preparing for a recession in the coming year. (Photo: IMAGO/sepp spiegl) Dusseldorf The chemical company Lanxess will initially not invest any more money in the…