As the world’s leading manufacturer of high-tech polymer materials, Covestro is committed to providing innovative polyurethane coating product solutions. At CHINACOAT 2016, the Coatings, Adhesives and Specialty Chemicals (CAS) business unit of Covestro exhibited polyurethane coatings and adhesives that combine environmental protection and innovation in the fields of transportation, construction, home furnishing and personal consumer goods. Mixture solution. As one of the most important business divisions of Covestro, the CAS division’s core business sales in the first nine months of this year increased by 3.5% year-on-year, and the adjusted profit before interest, tax, depreciation and amortization reached 136 million euros.
Recently, Mr. Peter Kruppa (Peter Kruppa), Global Senior Vice President and Head of Application and Technology Development of CAS Business Unit of Covestro, accepted an exclusive interview with Tiantian Chemical Network on the performance of the CAS department, technological innovation and chemical safety. Focus topics are introduced in depth.
Peter·Mr. Krupa
Tiantian Chemical Network: Are you satisfied with the performance of Covestro’s CAS business unit in the third quarter? What are the challenges?
Peter · Krupa: First of all, we achieved exciting growth in the third quarter. Our core business sales increased by 9.1% year-on-year, and adjusted EBITDA increased by 21.9% %. In the first nine months of 2016, our core business volumes rose by 8.4% year-on-year and adjusted EBITDA rose by 17.3% to EUR 1.6 billion. In terms of market challenges, there is indeed a trend of differentiation in the world. This year, the performance of the Middle East and the Asia-Pacific region is relatively eye-catching, while North America and Latin America are not good. In order to overcome the challenges of the market, we must be able to effectively achieve growth. The way to grow is first It is to promote growth through innovation, and secondly to realize the cooperation of the whole industry chain, including the cooperation with paint manufacturers and end users to realize the value chain cooperation to maintain the growth trend.
Tiantian Chemical Network: As one of the three major global R&D bases of Covestro besides Germany and the United States, what role does the Chinese R&D base play? Future plans and goals?
Peter · Krupa: Covestro Asia Pacific Polymer R&D Center in Shanghai has a long history, R&D personnel and technical experts can Our sales team and our business team are more sensitive to capture customer needs and start the development of related technologies.
In each region of the world, we have a so-called strategic market development center, whose main role is to carry out application research and promotion in those markets that are not familiar with polyurethane. However, Covestro’s research and development center in Shanghai shoulders a greater mission. Like the Pittsburgh R&D center in the United States and the Leverkusen R&D center in Germany, it also conducts real research in addition to application research and development for its market. Development, so as to ensure that we can be closer to the market and launch technologies and products that meet the needs of the market.
The Chinese market has extremely broad prospects, so we will continue to inject funds into the construction of the R&D center to strengthen our R&D capabilities.
Tiantian Chemical Network: As a leader in the polyurethane industry, how does Covestro maintain its advantages in the fiercely competitive field? At the same time, how does Covestro realize the organic combination of its own technological advantages and market demand?
Peter · Krupa: First of all, Covestro is the inventor of polyurethane. Covestro continues to invest in polyurethane production process and polyurethane technology to expand its leading edge. Covestro can be said to be a company that truly has a global production network in the world. Whether it is in production facilities, research teams, or sales networks, we can effectively cover global and local customers, and also enable various There is a good balance between the businesses in the regions.
Speaking of the advantages of Covestro, talents are also an important advantage. Through a better working environment and ideal wages and benefits, we can continuously recruit first-class talents. In addition, through innovation, we continue to introduce new technologies and products to help customers achieve differentiated competition. Today’s customers have urgent requirements for performance, efficiency, and sustainable development. Our new technologies can meet their needs .
Covestro has many years of experience in capturing customer needs. Our R&D team, marketing team, and sales team have always focused on better understanding the real needs of customers through teamwork, and developed products to meet their needs in the first place. actual needs. For example, we have 20 years of experience in the development of water-based products.I immediately pointed out that there was no handrail in the car, which shows that safe production is actually a matter of consciousness.
In the company, we also have such requirements, safety first, we must ensure that every employee goes to work happily and goes home safely, mainly because employees are welcome to point out any unsafe phenomena in the company in time, We rectify it immediately. For example, in terms of the working conditions of employees, if some work will bring too much weight and increase the fatigue of employees, we will pay attention to improving and ensuring a more humane working environment.
Covestro’s board of directors also attaches great importance to safe production, ensuring that we strictly abide by all safety requirements whether in factories, offices, or laboratories.
Covestro’s Caojing base in China has a world-class safety production level. In addition, in the management of suppliers, we also pay great attention to the training of suppliers and contractors, and strictly monitor the performance of suppliers during the work process. If there is any mistake, we will promptly ask for rectification.
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