Since its official independent operation on September 1 this year, Covestro (formerly Bayer MaterialScience) has made its debut with a brand-new name and concept, and on October 6, German time, at the Frankfurt Stock Exchange Listed on the market. As one of the important business divisions of Covestro – Zhong Xiaobin, Senior Vice President of Asia Pacific of Coatings, Adhesives and Specialty Chemicals Business Division, introduced to reporters in detail how the CAS division brings more benefits to customers through innovative technologies and products. A good solution, and Covestro’s commitment to the Chinese market.
A few days ago, Covestro was listed on the Frankfurt Stock Exchange in early October at a price of 24 euros per share. According to reports, after listing, Covestro is the fourth largest chemical company in Europe. Zhong Xiaobin is very optimistic about the prospects for future development. and performance, will definitely attract more investors.”
The core of Covestro’s brand is innovation. In the current environment of China’s new economic normal, Zhong Xiaobin believes that innovation should stand out, and innovation mainly includes high-performance products, personalized solutions, and energy-saving and environmental protection. Direction of development.
Technically, Covestro launched its first bio-based product this year – PDI (cyclopentadiisocyanate), which contains 70% bio-based raw materials. In terms of production process, Covestro applies optical vapor phase technology to produce TDI, HDI can reduce energy consumption by about 60%. In addition, the technology of extracting chlorine gas from hydrochloric acid through “oxygen decathodicization technology” can reduce the loss of electric energy by about 30%.
Zhong Xiaobin told reporters that in addition, Covestro has more forward-looking innovation and development. For example, the raw materials for the production of chemical products come from crude oil and natural gas, which will eventually be exhausted. A large number of carbon atoms in the air, by refining the carbon atoms in carbon dioxide to produce polymers. “It is called Dream Technology in Europe”, and it has successfully completed mass production scale. We are already building a 5,000-ton production facility in Germany. Innovation is built into our products, applications and processes. “Zhong Xiaobin proudly introduced.
In addition to innovations in products, processes and processes, Covestro also implements innovative concepts in the application field. Zhong Xiaobin said that Covestro pays more attention to some application fields with promising development prospects, such as the application in textile and clothing. In addition, Covestro hopes to bring more environmentally friendly water-based products to replace the current solvent-based products, and through the introduction of different Specialized products can better participate in market competition.
Zhong Xiaobin said that Covestro is still optimistic about the Chinese market, and its commitment to the Chinese market will remain unchanged. Covestro has a world-class production base in Caojing, Shanghai, and an Asia-Pacific R&D base in Jinqiao. The production, technology, sales, and technical teams are always the same. “Our polymer research and development center in Shanghai is the second product innovation center of CAS in the world besides Germany, which shows how much we attach importance to the Chinese market.”
After the Chinese economy has entered a new normal, the growth rate of the industry may slow down, but Zhong Xiaobin is still full of confidence in the Chinese economy, “China is still the fastest growing economic entity in the world, and today China’s economic aggregate Compared with ten years ago, the volume is not an order of magnitude. Today’s increase of 7 points may be 20 or 30 points before. This market is large enough and attractive. We are still very optimistic about the benefits that the Chinese market brings to us.”
The rapid development of China’s adhesive industry has also given Covestro an opportunity. “China’s adhesive industry is characterized by a huge volume, rapid growth, but relatively scattered. We are positioned to become the leader in the adhesive market segment, such as: polyurethane raw materials. Our goal is to provide innovative solutions that meet market demand and lead the industry Upgrade and transform to help customers improve product competitiveness.” Zhong Xiaobin introduced, “As a leading enterprise in industry innovation, we have been committed to investing in domestic R&D resources. On the one hand, we have expanded the scale of the adhesive laboratory and expanded the R&D team. On the other hand, we Established an innovation laboratory, based on the domestic market, and provided customized solutions from the source of product design.”
“Covestro’s innovation is based on the realization of sustainable development.” Speaking of sustainable development, Zhong Xiaobin emphasized the cooperation and interaction of the entire industrial chain, “We have been committed to joint development with different partners in the entire industrial chain sustainable solutions.” Covestro has set itself very high environmental standards and safety standards in the production process and application process, so as to produce products that truly meetEnvironmentally friendly products that meet customer needs.
In Covestro’s corporate core strategy, the “3P” strategy also embodies the concept of sustainable development. Zhong Xiaobin introduced to reporters, “The first P in the 3P strategy refers to Planet, that is, any of our decisions must not damage the earth or our environment; the second P refers to People, that is, it must not cause harm to human beings; the third P refers to Profit, that is, a reasonable profit return must be generated.”
Following such a “3P” core strategy, Covestro hopes to promote the sustainable development of the entire industrial chain, and has very clear sustainable development goals. “In 2005, we set a goal to reduce carbon dioxide emissions by 40% and increase energy efficiency by 30% by 2020.” Zhong Xiaobin said, “At present, Covestro has basically reached this goal, so we are planning to reset Covestro hopes to contribute more to these indicators.”
According to reports, the CAS department launched a global publicity campaign of “Inventing for you” (created for you) this year. On the one hand, we hope to provide customers with the solutions they need through the cooperation of the industrial chain. On the other hand, it emphasizes innovation, “Innovation is our DNA all the time, and we emphasize creating more innovative product solutions for customers.” Zhong Xiaobin said.
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