Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Covestro Reports Sales and Income Rose in '15

Newspaper article Pittsburgh Post-Gazette (Pittsburgh, PA)

Covestro Reports Sales and Income Rose in '15

Article excerpt

Covestro, the German plastics and chemicals maker that has its North American headquarters in Robinson, said net income jumped 26 percent in 2015 on higher demand and volumes.

Sales edged up by 2.7 percent to 12 billion euros ($13.2 billion) over 2014, while income totaled $377 million.

Covestro, formerly known as Bayer MaterialScience, makes plastics and chemicals used in automobile parts, electronics, insulation and other industrial and consumer goods.

The business began operating as an independent subsidiary of Bayer AG on Sept. 1. Bayer spun it out saying the parent company wanted to focus on its drug division, which makes brands including Alka-Seltzer, Aleve and Coppertone; and its crop science business, which makes animal health and agricultural products. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.