Covestro and Siemens Enter Strategic Supplier Agreement
Covestro and Siemens have concluded a strategic supplier agreement for the next five years. This framework agreement is the basis for all future business relationships that exist between the two companies in many different areas. The agreement is worth a high double-digit million euro amount and enables much faster and easier collaboration.
Until now, Covestro and Siemens have always concluded individual supply agreements for different material groups and services. The new structure now provides a general framework and serves as the basis for all future contracts and agreements between the companies. It covers the full range of Siemens' offering, from the purchase of materials to the supply of complex solutions, for which Siemens will be involved in the early stages of project development at Covestro.