Due to the tax reform effects, Covestro also expects a positive impact on the current financial year 2018, lowering the company's group tax rate by one to two percentage points in comparison with the originally expected group tax rate.
With 2016 sales of EUR 11.9 billion, Covestro is among the world's largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, and electrical and electronics industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself. Covestro has 30 production sites worldwide and employs approximately 15,600 people (calculated as full-time equivalents) at the end of 2016.
Find more information at www.covestro.com. Follow us on Twitter: www.twitter.com/CovestroGroup