Quality, Innovation and Sustainability: Covestro in Taiwan

UN Sustainable Development Goals

Covestro strongly supports the comprehensive and global approach of the UN Sustainable Development Goals. We want to do our part!

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Covestro MagicMaterial School

Covestro launched its MagicMaterial School in Taiwan to integrate chemistry into the life of hearing impaired students and help them build their confidence.

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Ocean Protection Storytelling Project

Collaborated with National Museums and Parks to raise the awareness of plastics recycling

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Covestro in Taiwan

Covestro is a leading producer of advanced polymers and high-performance plastics around the world. Our 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, electrical and electronics, construction as well as Sports and Leisure industries.

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About Covestro

Covestro is one of the world’s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, cosmetics and health, as well as in the chemical industry itself.

The company is committed to becoming fully circular and aims to become climate neutral by 2035 (scope 1 and 2).

News releases

Click here to view recent news releases from Covestro Taiwan.

  • Diversity & Inclusion

    2024 Covestro Grandparent-Grandchild Science Camp Registration Starts!

    Theme of the 2024 camp: Grandchild’s WonderlandDesigned by Golden Tripod Award winner Professor Liang-Rong Hsu and his team member Tiffany ChenAims to foster children’s passion for science, bridge the generation gap, and stimulate elders’ mindsCo-org…

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  • Corporate News

    Covestro gets off to a solid start in fiscal year 2024

    Group sales of EUR 3.5 billion (–6.2%)EBITDA of EUR 273 million (–4.5%) Net income of EUR –35 million (previous year: EUR –26 million) FOCF of EUR –129 million (previous year: EUR –139 million)Guidance for full-year 2024 confirmed Q2 2024: EBITDA bet…

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  • Automotive

    Covestro collaborates with automotive partners on car-to-car plastic recycling

    New joint program aiming for efficient, sustainable automotive plastic recycling

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  • Sustainability

    Covestro and Chaoyang University of Technology Sign CSR Plus USR MOU on Earth Day

    Covestro authorizes Chaoyang University of Technology to develop Covestro’s environmental picture book into a vivid, interactive storytelling program for childrenThe MOU signing was witnessed by officials from the German Institute Taipei and the Mini…

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  • Plastics

    APEC® XT: new product line based on polycarbonate copolymers from Covestro

    Promising application possibilities in the electrical and electronics industry, healthcare, mobility and photovoltaicsEnhanced properties and functions compared to standard gradesPlastics with mass-balanced and recycled raw materials will also be mad…

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  • Materials & Industries

    Covestro Advocates its Environmentally Friendly Waterborne PU Coatings at the International Technical Textiles Symposium ITTS

    ·        Covestro participated in the symposium as a speaker to introduce the trends in waterborne PU coatings.·        INSQIN® provides end customers with environmentally friendly and high-performance coating solutions for sustainable production.

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  • solar

    Covestro implements large photovoltaic facility with tailored polyurethanes at Shanghai site

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  • Global

    Transformation consistently advanced in challenging fiscal year

    Group sales of EUR 14.4 billion (–20%)EBITDA of EUR 1.1 billion (– 33.2%)Positive free operating cash flow of EUR 232 million (+68.1%)Climate neutrality strategy finalized with scope 3 targetOutlook for 2024: EBITDA between EUR 1.0 and EUR 1.6 billio…

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  • Alternative raw materials

    Covestro publishes climate neutrality targets for scope 3 emissions

    Reduction of 10 million metric tons of greenhouse gases produced in upstream and downstream supply chains (scope 3) by 2035, climate neutrality for scope 3 by 2050Climate strategy for reducing greenhouse gases completeConcrete plan for implementation…

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  • Sustainability

    Covestro Works Together with National Parks National Museums and City Governments for a Green Future with The Adventures of Young Guardians- Volume II

    Covestro’s “The Adventures of Young Guardians – Volume II” bilingual picture book will be promoted by more than 10 partnersVolume II focuses on the circular economy conceptAn electronic file of the picture book is available for download, enabling pa…

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  • Materials & Industries

    Covestro strengthens partnership with China’s Huafon at key trade expo

    Exploring expansion of mass-balanced MDI in Huafon’s portfolioNew agreement follows joint appearances at China International Import Expo in previous years 

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  • Foams

    Covestro returns to the China International Import Expo in Shanghai

    Participation in major trade expo for three years in a rowFirst showcase of chemically recycled PU foam in ChinaStrengthening partnerships from mobility to construction for a circular future

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  • Global

    Covestro achieves EBITDA guidance for third quarter

    Group sales of EUR 3.6 billion (–22.7%)EBITDA of EUR 277 million (–8.3%) meets guidanceNet income of EUR –31 millionFree operating cash flow rises to EUR 308 million (>100%)Full-year guidance narrowed at the lower end of the rangesNew Chief Financial…

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  • Corporate News

    Covestro launches mechanical recycling polycarbonate compounding line in China

    Shanghai facility is the inaugural dedicated line of its kind of Covestro with an annual capacity of 25,000 tonsCommitted to supplying 60,000 tons of recycled-content polycarbonates annually in Asia Pacific by 2026Expansive range of premium recycled…

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  • Business & Finance

    Covestro Huafeng and Cyclone Collaborate on More Sustainable Sports Kit

    Huafeng developed more sustainable HAPTIC® textile coating solution based on Covestro’s partly bio-based Impranil® CQ DLS/1 PU dispersion  New textile coating solution was used to produce official shorts and shoes of Team Sonnenwagen solar car proje…

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  • Sustainability

    Covestro’s Zhangbin chemical site reduces energy demand by 7%

    The multi-million euro investment in a Direct Fired Thermal Oxidizer (DFTO) took four years and was completed on schedule. The DFTO passed and received the operation permit from local government, enabling the Zhangbin site to reduce Volatile Organic…

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  • Diversity & Inclusion

    Covestro Grandparent-Grandchild Science Camp Makes a Big Comeback After the Pandemic

    l   The grandparents and grandchildren all felt this camp had created happy memories for them*l   Grandchildren all expressed that this camp meant they got to know their grandparents better*l   85% of the grandparents indicated this camp was the firs…

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  • Circular Economy

    Chemical recycling of polycarbonates reaches a major milestone

    Robust process developed on a laboratory scalePilot-scale technical implementation startsRecycled monomer can be used for the production of polycarbonate

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  • Diversity & Inclusion

    Covestro Marks the Tenth Anniversary of the MagicMaterial School

    Established in 2014, Covestro MagicMaterial School, which was named a finalist for the 2022 Gartner Communications Award in the category of “Excellence in ESG, Sustainability and DEI Communications”, will mark its tenth anniversary this Fall.

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  • Global

    Covestro confirms full-year guidance despite weak economic activity

    Group Sales of EUR 3.7 billion (–20.9%)EBITDA of EUR 385 million (–29.6%)Net income totals EUR 46 million (–76.9%)Free operating cash flow rises to EUR –10 millionFull-year results expected to be rather at lower half of the guidanceQ3 2023: EBITDA be…

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  • Healthcare

    Covestro Taiwan Receive End Covid Medal from CDC

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  • Diversity & Inclusion

    Bring Back Happy Childhood Memories – 2023 Covestro Grandparent-Grandchild Science Camp

    Designed by Golden Tripod Award winner Professor Liang-Rong Hsu, and his team member Tiffany Chen, the camp aims to foster children’s passion for science, bridge the generation gap, and encourage elders to stimulate their minds. Registration deadline…

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  • Coatings

    Covestro inaugurates new production line and launches new Desmopan®UP TPU series for Paint Protection Film in the automotive and wind sector

    New production line started in Taiwan to produce high performance TPU suited for Paint Protection Film (PPF) gradesProducts to be made available globallyNew TPU-based PPF solutions offered under Desmopan®UP brand nameLong-lasting protection for autom…

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  • Global

    Covestro gets off to better-than-expected start in 2023

    Group Sales of EUR 3.7 billionEBITDA of EUR 286 million far surpasses expectationsNet income totals EUR –26 millionFree operating cash flow of EUR –139 millionQ2 2023: EBITDA between EUR 330 million and EUR 430 million expectedFull-year guidance adju…

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  • Circular Economy

    Covestro expands its range of more sustainable polycarbonates

    Introduction of a grade with 90 percent recycled contentClimate neutral1 polycarbonates with up to 89 percent sustainable shareCollaboration with Jabra on Evolve2 headset

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  • Materials

    Covestro polyurethane resin earns commercial material certificate in solar energy from TÜV Rheinland

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  • Healthcare

    Covestro to offer GMP grade TPU in Asia Pacific

    Company now provides products for food contact and healthcare applications in the Asia-Pacific region that meet the high-quality and safety standards of ‘Good Manufacturing Practice’ (GMP)Products will be offered under Desmopan® GMP brand nameCompany…

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  • polyurethanes

    Covestro drives circular economy forward with high-performance PU composites

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  • Global

    Managing challenging times

    Group Sales total EUR 18.0 billion (+13.0%)EBITDA of EUR 1.6 billion (–47.6%)Positive free operating cash flow of EUR 138 million (–90.3%)Greenhouse gas emissions fall to 4.7 million metric tons (–9.6%)Circular economy and climate neutrality more imp…

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  • Diversity & Inclusion

    Covestro Taiwan Received PR News 2023 Social Impact Award

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  • Materials & Industries

    Covestro launches new ultra-durable material solution for healthcare and life sciences

    Makrolon® 3638 polycarbonate is engineered to meet rigorous standardsMaterial offers a unique combination of properties that are maintained over a wide temperature rangeIt underscores the commitment of Covestro to developing innovative material solut…

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  • Global

    Covestro announces preliminary results for fiscal year 2022

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  • Corporate News

    Covestro awarded for transparency on climate protection measures

    Group again receives excellent CDP “A-” ratingRanking confirms strong climate strategy and transparencyTop score achieved in four categories

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  • Circular Economy

    The Mass Balance TPU From Covestro's Changhua Site Advances Chaei Hsin's Shoe Materials to its Circular Goal

    ·   The Changhua Site has obtained ISCC Plus certification in this April for mass balance production ·   Covestro has supported its client in Taiwan, Chaei Hsin, to reach the circular goal with a more sustainable TPU solution, maintaining the product…

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  • Diversity & Inclusion

    Covestro Taiwan was invited by Ministry of Economic Affairs to share CSR Best Practice

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  • Strategy

    Covestro Taiwan will close the Linyuan site in the first half of 2023

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  • Product

    Sinomax debuts first low-carbon mattress using Covestro’s bio-attributed TDI

    ·        Debut comes a year after Covestro and Sinomax signed their first commercial contract on mass-balanced TDI ·        Bio-attributed TDI carbon footprint is 36 percent lower than fossil-based counterparts, thus helping to reduce CO2 emissions p…

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  • Global

    Covestro achieves EBITDA guidance despite looming recession

    Group Sales rise to EUR 4.6 billion (+7.3%)EBITDA of EUR 302 million (–65.0%)Net income total EUR 12 million (–97.5%)Free operating cash flow (FOCF) falls to EUR 33 million (–91.3%)Full-year guidance for 2022 narrowedFurther milestones on the path to…

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  • Diversity & Inclusion

    Winners of National Environmental Story Contest Announced

    Total entries: 658 children from 107 schools across Taiwan and its offshore islands took part in the competitionA total of 21,636 social media accounts cast 146,418 votes69 Judge Award Winners were chosen from 24 contest categories.

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  • Plastics

    Covestro decides to exit formulated polyether polyols business for the appliance industry in China, India and ASEAN

    Part of portfolio optimization for the ‘Tailored Urethanes’ Business EntityAppliance remains a key industry for Covestro, company will continue to supply high quality MDI for it 

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Working at Covestro Taiwan

240 employees in Taiwan deliver high-tech materials and sustainable solutions to customers across Asia-Pacific markets.

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