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Business & Finance

Covestro´s polycarbonate proves suitable for mass production using 3D printing

Covestro provides Signify with polycarbonate for 3D-printed luminaires for a circular economy

Signify makes high-quality, energy-efficient LED lighting products / Company also prints light shades and fittings in the Netherlands using additive manufacturing / New facilities planned in the USA, India and Indonesia / 100 percent recyclable polycarbonate supports a circular economy

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Covestro continues portfolio optimization

Covestro closed sale of European Systems Houses business to H.I.G. Capital

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Third quarter 2019: Full-year forecast confirmed and ranges narrowed

Covestro generates strong volume growth in a continuing challenging environment

Core volumes up by 5.3% / Group sales total approximately EUR 3.2 billion (–14.6%) / EBITDA forecast achieved at EUR 425 million (–50.5%) / Net income down to EUR 147 million (–70.4%) / Free operating cash flow at EUR 243 million (–58.0%) / Ranges for 2019 narrowed in existing forecast

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Materials manufacturer launches strategic program

Covestro plans to promote circular economy

Seeing plastic waste as a valuable resource / Alternative raw materials to break away from crude oil / Fostering recycling through innovative processes

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Fostering innovation from Asia for the world

Covestro expands open innovation in China

New concept to engage with global innovation partners / Ensure innovation leadership and accelerate time to market

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Next step in portfolio optimization

Covestro to sell European polycarbonate sheets business to Serafin Group

New owner to continue and further develop sheets business / Sale is part of Covestro’s efforts to optimize its portfolio / Covestro to remain key supplier to sheets business

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Second Quarter of 2019: Solid core volume growth in a difficult environment

Covestro confirms guidance for 2019 after first six months

Core volumes up slightly (+1.1%) / Group sales total around EUR 3.2 billion (–16.9%) / EBITDA at EUR 459 million as expected (–53.4%) / Net income drops to EUR 189 million (–68.7%) / Free operating cash flow at minus EUR 55 million / Q3 EBITDA of around EUR 410 million expected

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Covestro Start-up Challenge enters a new round

From the idea to a venture of their own

Six business ideas relating to the subject of circular economy / Winners of the first Start-up Challenge continue their own venture

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Covestro continues portfolio optimization

Covestro to sell European Systems Houses business to H.I.G. Capital

Sales proceeds in the high-double-digit euro million range / Systems houses with revenues of EUR 230 million / Covestro to remain a key supplier to European Systems Houses / New ownership allows unit to further grow and to position itself as an independent player

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