Covestro CEO Says Materials Markets Are Tight, Helping Pricing

The transcript discusses the growth and sustainability of a company focused on sustainable materials. It highlights the cyclical nature of the business, investment cycles, and market positioning. The company has established a strong presence in China and other regions, with significant growth in the Asia Pacific. The importance of infrastructure investment, particularly in the US, is emphasized for future growth.

What are the main markets driving Covestro's growth?

• Banking, finance, and insurance

• Real estate, agriculture, and tourism

• Food and beverage, textiles, and electronics

• Automotive, medical, and wind power

What type of cycles has Covestro experienced in its business?

• Technological and innovation cycles

• Supply and demand cycles

• Cultural and social cycles

• Economic and political cycles

How long does it take for Covestro to bring a new asset onstream?

• Seven years

• Ten years

• Five years

• Three years

What percentage of Covestro's business comes from the Asia Pacific region?

• 1/4 to 1/3

• 70% to 80%

• 10% to 15%

• 50% to 60%

What was the growth rate of Covestro's sales in China last year?

• 40%

• 31%

• 15%

• 22%

What impact did Hurricane Harvey have on Covestro's operations?

• It caused a permanent shutdown of facilities

• It disrupted the railway and road infrastructure

• It led to a decrease in product quality

• It resulted in a loss of key personnel

Which two business areas are driven by infrastructure expenditure in America?

• Automotive and textiles

• Construction and coatings

• Electronics and fashion

• Agriculture and tourism