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German Chancellor Scholz visits Covestro Asia Pacific Innovation Center

German Chancellor Scholz visits Covestro Asia Pacific Innovation Center

Companies

Apr 17, 2024

61

German
Chancellor
Covestro

On April 15, Covestro CEO Dr. Schleufen welcomed German Chancellor Scholz at the Asia-Pacific Innovation Center.

On April 15, during his state visit to China, German Chancellor Scholz led a delegation to visit Covestro's Asia-Pacific Innovation Center in Shanghai to learn how the company uses innovative high-tech plastics to support China's green transformation. The delegation consists of government officials, business leaders and media reporters. At the Asia Pacific Innovation Center, Covestro develops future-proof, sustainable products, technologies and solutions for dynamic markets such as e-mobility and renewable energy.

China is one of Covestro's largest markets, with sales accounting for more than 20% of the group's total sales in 2023. The group's cumulative investment in China has exceeded 4 billion euros. Covestro has a comprehensive regional headquarters in Shanghai, which includes the Asia-Pacific Innovation Center, the global headquarters of the Engineering Plastics Division, and the regional headquarters of a series of other business and functional departments. In addition, Shanghai is also home to the Covestro Shanghai Integrated Base, the company's largest production base in the world.

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