Markus Steilemann

COVESTRO Steep drop in 2025 earnings following lower selling prices, Dormagen fire / Core profit projected flat in 2026 / Net debt cut after Adnoc capital infusion	27.02.2026
COVESTRO CEO Steilemann announces departure in 2028	25.02.2026
CHEMICAL INDUSTRY GERMANY Decline in production, sales predicted for 2026 / Industry sending out SOS, says VCI president Steilemann	16.12.2025
COVESTRO Adnoc deal clears final hurdle / Targeted efficiency improvements could have consequences for German plants	27.11.2025
COVESTRO Declining volumes, prices keep plastics group in red	30.10.2025
COVESTRO Plastics group stays in the red / Economic conditions remain challenging	31.07.2025
CHEMICAL INDUSTRY GERMANY VCI half-year review: production, sales decline again / “Deindustrialisation is a fact”	22.07.2025
COVESTRO EU to review Adnoc purchase under antitrust law / Will deal be overturned last minute?	09.07.2025
COVESTRO Adnoc acquisition inches close to approval	18.06.2025
COVESTRO Q1 core profit plummets / Outlook for 2025 lowered amid geopolitical and trade tensions / LNG deal with Ineos	07.05.2025
COVESTRO Revenue drops despite rise in sales volumes / Core profit slips / ‘Certain level of optimism' for 2025	27.02.2025
COVESTRO Successful takeover bid: Adnoc receives 91.3% of all shares tendered	19.12.2024
GERMAN CHEMICAL INDUSTRY Turnaround remains elusive / Some improvement in 2024 but profitability still lags	19.12.2024
COVESTRO Management, supervisory board recommend sale of shares to Adnoc / Arab company pledges to preserve Covestro	12.11.2024
COVESTRO Adnoc submits takeover bid; German giant valued at EUR 11.7 bn / “Financially strong and long-term oriented partner” – CEO Steilemann	01.10.2024
PFAS German Chancellor Olaf Scholz: “We won't accept an undifferentiated blanket ban” / Speech at the VCI summit in Berlin	16.09.2024
COVESTRO Revenues flat despite “sharp rise” in Q2 sales volumes / Upper end of guidance lowered / Adnoc takeover talks: confirmatory due diligence begins	31.07.2024
VCI German chemical industry association extends Steilemann's term of office / Will BASF chief follow next year?	29.07.2024
GERMAN CHEMICAL INDUSTRY Slight increase in polymer production – VCI half-year results / “Silver lining, but still no stable upward trend”	11.07.2024
COVESTRO Plastics producer aims to save EUR 400 mn across global operations / Job cuts evidently planned in Germany	26.06.2024
GERMAN CHEMICAL INDUSTRY Production and sales up in Q1 / “Only a positive momentary snapshot” – VCI report	31.05.2024
COVESTRO Q1 sales shrink but volumes expand / Full-year 2024 sales seen at EUR 14 bn-EUR 15 bn	03.05.2024
CHEMICAL INDUSTRY GERMANY “The Green Deal needs a business model” / Chemical segment fears for its competitiveness against global competition	22.04.2024
PLASTICS AND ENVIRONMENT Follow-up: Environmental associations go to court over Ineos Project One / “Destructive and completely unnecessary”	06.03.2024
YEAR-ENDER: EUROPEAN PLASTICS INDUSTRY The plastics industry continues to work in a state of emergency / Slumps in demand, cheap imports and ever-new regulations make life difficult for producers and processors / Producers on the other side of the Atlantic also face more difficulties	20.12.2023