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Markus Steilemann
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
CHEMICAL INDUSTRY GERMANY
Veil of gloom remains / Sales, output fall in 2023 / More declines expected in coming year
20.12.2023
CHEMICAL INDUSTRY
Low-carbon group cuts ties with World Economic Forum / CEOs line up to accelerate journey to net zero targets
13.12.2023
GERMAN CHEMICAL INDUSTRY
Depressed mood prevails / Closures and discontinuation of business areas / “No signs of a trend reversal” – VCI
20.11.2023
GERMAN CHEMICAL INDUSTRY
Producers still gloomy as downturn continues / Resin production falls sharply / VCI repeats calls for help from Berlin
19.09.2023
COVESTRO
Plastics producer now in open-ended negotiations with Adnoc / German trade union insists on job security
11.09.2023
CHEMICAL INDUSTRY
Covestro CEO says Germany's problem is “mainly on the psychological level”
08.09.2023
GERMAN ECONOMY
President of German chemical industry writes 'fiery letter' to Chancellor / 'Economic imbalance must become a priority'
31.08.2023
GERMAN CHEMICAL INDUSTRY
Output shrinks further in H1 / Annual decline could touch 11% / VCI seeks “temporary” relief from high electricity prices
25.07.2023
CHEMICAL INDUSTRY
Sales by German suppliers slide in Q1 / “Rapid downturn” over / Output ex-pharma to drop 8% this year
23.05.2023
COVESTRO
EUR 200 mn chlorine plant onstream in Spain / European MDI network strengthened / Energy saving by up to 25%
16.02.2023
COVESTRO
EUR 300 mn net income loss surprises markets / Impairments cut earnings / High energy, material costs hit results
17.01.2023
CHEMICAL INDUSTRY GERMANY
Gas shortage takes its toll / Producers caught between rising prices, sinking profits / Firms look longingly to US
21.12.2022
COVESTRO
Plans for “green” logistics pilot scheme in China / Move targets reductions in Scope 3 emissions
11.11.2022
COVESTRO
Plans for major new MDI plant put on ice again / No new start-up date / “Increasingly volatile” economic environment
08.11.2022
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