Stay updated with breaking news from Markus Steilemann. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Volkswagen could shift production out of Germany and eastern Europe if a shortage of natural gas persists, the latest sign that the energy crisis unleashed by Russia’s invasion of Ukraine threatens to upend Europe’s industrial landscape.
The German economy has long been rooted in the country's industrial prowess. But with energy prices skyrocketing, many companies face a murky future. Some have begun considering relocation, highlighting a possible long-term threat to the country's business model.
Covestro AG (OTCPK:CVVTF) Q2 2022 Earnings Conference Call August 2, 2022 09:30 ET Company Participants Ronald Koehler - Investor Relations Markus Steilemann - Chief Executive Officer...
If gas supplies in Germany are rationed later this year, Covestro may have to shut down some production facilities.
BERLIN, Aug. 2 (Xinhua) -- The revenues of Covestro, a German company which produces a variety of polyurethane and polycarbonate based raw materials, rose by 18