High quality of waterborne solutions help enhance furniture industry

“As a company with 80 years of innovation experience and the inventor of polyurethane and polycarbonate, Covestro constantly challenges ourselves by ‘why not?’ when developing new material solutions to address the greatest challenges of our society. Our vision is to make the world a brighter place by focusing on sustainability and innovation. We aim not only to develop new products, but also to motivate and inspire young generation to join hands in building a brighter future and a beautiful China for all,” said Bjoern Skogum, President of Covestro China. “Tongji and Rehau are our key partners in China. With the joint efforts, we strive to inspire and enable the future generation talents to turn technology innovation outcomes into market values.”

“Tongji University, together with Covestro and Rehau, is committed to fostering innovation capabilities among students to support China’s transformation into an innovation-driven economy, ” said Prof. Zhijun Wu, Deputy Dean of School of Undergraduates, Tongji University. “The tri-party industry-academia partnership has provided our students with an all-round incubator inspired to connect theory with practical needs.”

About Covestro:
With 2016 sales of EUR 11.9 billion, Covestro is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. Covestro has 30 production sites worldwide and employs approximately 15,600 people (calculated as full-time equivalents) at the end of 2016.

About Rehau:
Founded in 1948 in Germany, Rehau has been a leading provider of polymer-based solutions in construction, automotive and other industry. It strives to improve the quality of life for consumers and homeowners in the areas of sustainable construction, high end interior design and lifestyle appliances. Today Rehau is still a family owned company with 3 generations working side by side and has more than 180 locations and 45 plants worldwide, with about 20,000 employees in 54 countries.

Find more information at www.covestro.com and www.rehau.com/group-en .

Forward-looking statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available at www.covestro.com . The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.