German chancellor Scholz visits Covestro's Asia-Pacific innovation center in Shanghai

German chancellor Scholz visits Covestro's Asia-Pacific innovation center in Shanghai

Development of sustainable products, technologies and solutions for sustainable growth in dynamic growth markets

  • By ICN Bureau | April 16, 2024

Covestro welcomed German Chancellor Olaf Scholz at the company’s Asia-Pacific Innovation Center in Shanghai, China. Here, Covestro develops future-oriented, sustainable products, technologies and solutions for dynamic markets such as electromobility, renewable energy, consumer electronics and construction.

With its research in high-tech plastics, Shanghai Center is a central cornerstone for supporting China’s green transformation and driving the visionary process towards a fully circular global economy. During the visit, which was part of Chancellor Scholz’s state trip to China, Covestro demonstrated its leading innovations in the circular economy and provided a platform to discuss chances of the Sino-German partnership.

"We are deeply honored to welcome Chancellor Scholz and get the opportunity to highlight the potential of the chemical industry as well as Covestro to help drive sustainable change in China and the rest of the world,” said Chief Executive Officer Dr. Markus Steilemann. “Our decades-long presence in China epitomizes the spirit of Sino-German collaboration, which has been strongly beneficial for both sides. We count on the support of both governments in further catering for openness and mutual trust.”

During the visit at the Asia-Pacific Innovation Center, the German delegation, comprising government officials, business leaders and media representatives, gained insight into Covestro’s manifold business activities in China.

The center provides world-class support in research and development to customers around the world, particularly in dynamic markets such as electric vehicles, wind energy and photovoltaics, consumer electronics and construction. Through collaboration, the center also explores new business models and digital research and development.

“Covestro remains deeply committed to China. We continuously strive to foster strong partnerships across the entire value chain”, said Holly Lei, President of Covestro China. ”By advocating for the circular economy and striving for climate neutrality, we support key industries and the country in their green transformation and high-quality development.”

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