2017-02-21

Covestro Achieves Record Year

2016 was a record year for materials manufacturer Covestro. Driven by demand for innovative materials, the Group’s core volumes increased by 7.5%. With greater capacity utilization across its plants, adjusted EBITDA surged by 22.7% above the 2015 figure to EUR 2.0 billion. Net income more than doubled from EUR 343 million to EUR 795 million. On this basis, Covestro plans to pay its shareholders a dividend of EUR 1.35 per share.
Continue reading
2016-12-06

HELLA and Covestro Develop Holographic Taillights

Lighting and electronics specialist HELLA has worked with Covestro, one of the world's largest polymer manufacturers, to develop an industry-first holographic rear-lighting system with 3D effects for passenger vehicles.
Continue reading
2016-11-01

Covestro Reports Revenue Uptick in 3Q16

Materials manufacturer Covestro continued its successful half-year trend in the third quarter of 2016 with high Free Operating Cash Flow and strong earnings. Adjusted EBITDA rose significantly by 21.9% year-on-year to EUR 574 million, mainly driven by higher volumes combined with higher margins. The Group’s core volumes (in kilotons) were up by 9.1% on the prior-year period.
Continue reading
2016-10-20

HELLA and Covestro Introduce New Designs for Automotive Lighting

Together with Covestro, one of the largest polymer manufacturer in the world, lighting and electronics specialist HELLA has developed a new design for vehicle signal lighting using holographic technology. Since 2012, both companies have been pooling their expertise in the areas of plastics technology, as well as design and lighting technology, in order to use signal lighting as a style element. For this reason, the companies have been developing innovative designs for the front and rear lighting of electric cars in collaboration since 2015. The result is holographic lighting with 3D effects, as well as a seamless and aerodynamic design. A show car demonstrating this will be presented in Düsseldorf from October 19 to 26, 2016, as part of Covestro’s presence at the K Trade Fair, the leading trade fair for the plastics and rubber industry (Hall 6, Stand A75).
Continue reading
2016-10-14

Covestro Doubles Production Capacities of High- tech Plastic Following Inauguraiton of New Production Lines

To satisfy growing demand for polycarbonate in Asia, Covestro is doubling production capacities for the high-tech plastic from 200,000 to 400,000 metric tons per year at its site in Shanghai, China. Two new world-scale production lines for polycarbonate resins were inaugurated there on Wednesday, with state-of-the-art technologies and energy saving processes. This thrusts Covestro into becoming the world’s largest producer of such resins.
Continue reading
2016-03-09

Resins, sheets & films – for a brighter world

Every two years, leaders in the fields of lighting, electrical engineering, house and building automation and software for the construction industry converge on Frankfurt, Germany, March 13-18 for Light + Building. This year, more than 200,000 people and more than 2,500 exhibitors are expected at the world’s largest trade fair for lighting and building services. Covestro Deutschland AG will ...
Continue reading
2016-03-09

Specialty polycarbonates light the way to improved LED performance and quality

Adoption of LED technology continues to accelerate. To keep pace with the ever-evolving technologies and expanding applications, LED manufacturers need materials with outstanding properties. Covestro’s materials tailored for LED applications play a key role in improving LED performance and quality.
Continue reading
2016-03-09

Cost reduction of LED luminaires with Covestro’s Makrolon® polycarbonate

For new products, LED technology has become mainstream in both commercial and residential lighting. For luminaires it enables a wide range of lighting options as well as freedom of styling not possible with incandescent technology.    In recent years new materials as well as new technologies have become available to reduce luminaire complexity through component integration, which reduces part count and assembly processes.
Continue reading
2016-03-08

Wake up gently with Makrolon® polycarbonate

Getting out of bed in the morning isn’t always a piece of cake, especially after being startled awake by the jarring sound of an alarm clock. With the Philips Wake-up Light, users can rise and shine with a gradually increasing light accompanied by soft sound. With a variety of brightness settings, users are able to select their optimal wake-up conditions. This device mimics natural daybreak over a 30-minute period to help gently waken users, giving them a calm start to their day.
Continue reading
2015-12-31

Covestro Explores Making Plastics from Green House Gas Under EU Initiative

New possibilities for utilizing the greenhouse gas carbon dioxi de are a topic at the UN Climate Change Conference. Related activities in industry, science and politics were presented at an accompanying event of the Paris Summit by Climate-KIC, a European Union initiative for climate innovations. Based on a model program named “enCO2re”, Climate-KIC wants to promote the partial replacement of increasingly scarce petroleum with carbon dioxide (CO2) in the plastics industry. The program is headed by materials manufacturer Covestro, a pioneer in the field.
Continue reading
2015-12-11

Covestro Promoted to Germany's MDAX

Covestro will be among the 80 most important listed companies in Germany. Roughly two months after its flotation, the materials manufacturer will be included in the MDAX stock market index as of December 21made the announcement last Thursday evening.
Continue reading
2015-12-02

Covestro Lights up Baby Carriages with Glare- Free LED Materials

“Nice to see you!”– Parents can’t always greet their little ones in the baby carriage this way, because during the dark winter months or nighttime strolls, it’s often too dark for them to see the tiny passenger inside. But in the future, an innovative lamp called “LUNA” from the startup STORCH will supply the right kind of light. Mounted by magnet on the canopy of a baby carriage, a light tap is all it takes to switch on the lamp and select one of two brightness levels or a soothing play of colored light.
Continue reading

Cree announces the commercial availability of the XLamp® XD16 LED, the industry’s first Extreme Density LED, which delivers up to 5 ½ times higher lumen density than Cree’s previous generation of high power LEDs.

READ MORE

LG Innotek today announced that the company has developed the world's first 100mW (mill watts) UV-C LED. This development is 2 years ahead of the industry forecast that predicted its development would be successful by 2020.

READ MORE