Tuesday - March 15, 2016

IMCD to distribute Covestro’s coatings and adhesives raw materials in France

Covestro reached an agreement with IMCD France on the distribution of coatings and adhesives raw materials in France, expanding the current cooperation beyond the raw materials Covestro offers to the textile industry. From May 1, 2016, the French company will hold inventory and distribute the materials to the coatings and adhesives industry there.

Effective April 30, Covestro will cease its cooperation with the previous sales partner Univar France. “We would like to express our appreciation of the longstanding relationship that lasted more than 20 years,” says Hans-Joachim Wittig, Vice President Distribution in Covestro’s Coatings, Adhesives and Specialties Business Unit.

The combination of Covestro’s innovation strength, state-of-the-art product quality and services with IMCD’s commitment to technically driven sales and customer proximity are a solid foundation for the future partnership and the success of both companies.

At the forthcoming Eurocoat 2016 trade fair taking place in Paris from March 22-24, Covestro will be exhibiting at booth no. B71.

About Covestro:
With 2015 sales of EUR 12.1 billion, Covestro is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. Covestro, formerly Bayer MaterialScience, has 30 production sites around the globe and as of the end of 2015 employed approximately 15,800 people (full-time equivalents).

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Forward-looking statements
This press release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available on the Covestro website at Covestro assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.