Covestro
Although Covestro hit a record sales figure for the company, volumes were lower, with the record number boosted by a significant increase in selling prices.
Samir Hifri will become chairman and president of Covestro LLC on July 1, replacing Haakan Jonsson, who will retire.
Leverkusen, Germany-based Covestro has set a goal of being climate-neutral by 2035. The firm also is working with bio-based feedstocks and new recycling technologies.
Covestro has put its plans for a new world-scale MDI plant on hold, citing the European energy crisis, the war in Ukraine and the weakening global economy as the reasons for its decision.
Voxeljet is now offering its customers on-demand parts made from TPU. These are created using its high speed sintering (HSS) technology.
Every year, Carnegie Mellon University students collaborate with Covestro engineers and Penguins experts to conceptualize innovative safety solutions for rinks and player equipment in a week-long activation.
Covestro officials said the new lines more than double Covestro's annual PC compounding capacity at the site. It's the firm's first major expansion in India since 2015.
Covestro is making plans to restart construction of a new MDI plant by 2026 and aims to debottleneck TDI capacity in Germany.
That number of reductions would be about 10 percent of the materials maker's global total.
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