The right long-term strategy
ET Polymers|August - September 2020
The right long-term strategy
Currently, we are seeing a very stable upward trend in our business which we do not immediately expect to reverse. There is broad-based recovery in all regions led by Asia, says Markus Steilemann, CEO, Covestro.
Niranjan Mudholkar

You have been the Chief Executive Officer of Covestro since June 2018. How’s been the journey so far in this role? I am sure this is the most tumultuous period you must have seen in your tenure as well as career given the impact of the Covid-19 pandemic.

A lot has happened since 2018 and I am grateful to experience this and to steer the further development of Covestro to a leading innovative and sustainable polymer company. And you are right, this is the most challenging period in my professional life since we are not only confronted with the pandemic but also have to cope with an adverse global economic situation, structural changes in our customer industries and increasingly fierce competition. However, I look to the future with optimism as Covestro has the right long-term strategy by embracing the circular economy.

How has the pandemic impacted Covestro’s overall business?

Certainly, we have also felt the effects of the current security measures concerning Covid-19. But all the time we have been able to uphold supply chains and production and managed to deliverer our customers with what they need. We also adapted to the conditions with home office and modified working shifts. This is how we have overcome the critical phase. Currently, we are seeing a very stable upward trend in our business which we do not immediately expect to reverse. There is broad-based recovery in all regions led by Asia.

Do you think this viral outbreak has further disrupted the chemicals industry or would you say it has also created new opportunities?

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August - September 2020