Covestro Pushes Forward with Strategic Transformation Plan

21 Apr 2025 CW Team

Covestro AG has reaffirmed its transformation strategy at its Annual General Meeting, with shareholders approving all proposed resolutions and reelecting five Supervisory Board members. CEO Dr Markus Steilemann outlined the company's progress amidst ongoing market challenges, highlighting cost-efficiency, sustainable growth, digitalisation, and innovation as its four key focus areas. By 2028, Covestro aims to reduce annual costs by €400 million, enhance production capacity management, and expand its footprint in sustainable materials and recycling technologies. The company also plans to boost digitalisation across its value chain to improve efficiency and tap new growth opportunities. Covestro’s partnership with XRG was also highlighted as a significant long-term move, with the transaction expected to close in the second half of 2025. The reappointed Supervisory Board members include Dr Christine Maria Bortenlänger, Lise Kingo, Dr Richard Pott (also reelected as Chair), Regine Stachelhaus and Patrick W. Thomas. Despite stable EBITDA, lower selling prices and asset impairments led to a net loss for 2024. In line with its financial policy, Covestro will not distribute a dividend this year.

Real Estate

02 Apr 2026

Indian real estate attracts USD 1.4 bn institutional investments in Q1 2026: Vestian

Institutional investments in India’s real estate sector touched USD 1.4 billion in Q1 2026, marking the highest first-quarter inflow since 2022, according to Vestian. While investments fell 62 per cent quarter-on-quarter due to an exceptionally high base in the previous quarter, they rose 74 per cent compared to the same period last year, reflecting sustained investor confidence despite rising geopolitical and macroeconomic challenges.Commercial real estate remained the key driver of investment activity during the quarter, accounting for 80 per cent of total inflows, sharply higher than 38 p..

VECV crosses 1 lakh annual vehicle sales milestone in FY26

VE Commercial Vehicles (VECV), a joint venture between Volvo Group and Eicher Motors, has surpassed the 1 lakh annual sales mark in FY 2025–26, recording its highest-ever commercial vehicle sales performance. The company said it sold more than 100,000 vehicles during the year, marking a major milestone aligned with the original vision of the Volvo–Eicher joint venture.The strong performance was supported by demand across categories. Light and Medium Duty (LMD) trucks contributed 47,789 units, accounting for 46.1 per cent of total sales. Heavy Duty (HD) trucks recorded 26,867 units (25.9 pe..

Rodic Digital & Advisory partners SatSure to deploy EO intelligence in public sector

Rodic Digital & Advisory (RDA), the strategic advisory and digital transformation arm of Rodic Consultants, has signed a strategic cooperation Memorandum of Understanding (MoU) with SatSure to jointly pursue opportunities in India’s public sector. The collaboration aims to integrate high-resolution Earth Observation (EO) data and geospatial AI into government workflows to strengthen monitoring, compliance, and operational decision-making across key sectors.The partnership combines SatSure’s Earth intelligence capabilities with RDA’s expertise in government digital transformation and ..