Covestro To Expanding PC Capacity in Asia-Pacific Market

Covestro extended the increasing momentum in Q2, 2017. The total sales was €3.498 billion in Q2, up 17% from Q1, 2017. The sales volume of PC core business increased by 0.7% from H1, 2017. On the one hand, the supply was limited in the European market, which lowered the growth rate in Q2, 2017. On the other hand, the Shanghai Plant capacity expanded. The production has been increasing fast for the past quarters since Q2, 2016. The EBITDA in this section increased by 3.1% to €197 million in Q2, 2017. In order to meet the increasing demand in Asia-Pacific region, Covestro planned to continue expanding the PC capacity in Shanghai. The newly-planned capacity was expected to be put into operation in 2019.