The specialty chemicals company has announced that Ketan Joshi, Ph.D., has been appointed president of the intermediates division in Ludwigshafen, Germany.
The targets are recognized as being consistent with levels that climate science says are necessary to limit average global warming to well below 2 °C above pre-industrial levels.
The company has reported its financial results for the full-year 2022. Despite lower sales volumes as a consequence of the recessionary environment, Covestro’s group sales grew by 13% to €18.0 billion.
The group reported a strong first six months before overall demand began weakening in the third quarter as product availability grew and customers’ destocking activities increased in response to declining raw material costs.
Since its formation in 2013, the company has been building a portfolio of solutions to serve the apparel, textiles, packaging, paper, coatings, and adhesives and sealants markets.
The digital Report 2022 includes coverage of AkzoNobel’s financial results and business developments, while the company’s progress on its sustainability ambitions is highlighted throughout.
The company has been utilizing its warehouse in Lagos, Nigeria, to provide specialty chemicals, such as adhesives, resins, additives, and fillers from leading chemical manufacturers to end users.
The company says the market environment was dominated by the consequences of the war in Ukraine, and in particular by increased raw material and energy prices.
RSS
.webp?height=168&t=1670827328&width=275 "Market-Reports (1)")
.webp?height=168&t=1672116434&width=275 "Sustainability and Bio-based")
