Covestro was selected as one of the top ten classic samples of Pudong headquarters economy

December 12, in
At the “Pudong New Area Global Operator Plan Promotion Conference and the 9th Headquarters Economy Top Ten Samples Release Event”, Covestro was honored to be selected as one of the top ten classic samples of the headquarters economy. Lei Huanli, President of Covestro China, received the award on behalf of the company and delivered a speech.

Covestro has been committed to developing the headquarters economy and continues to expand the functions and business scope of the regional headquarters, aiming to become a vivid example of the development of the Pudong headquarters economy. In 2020, Covestro upgraded its management-oriented regional headquarters in Pudong New Area into a multi-functional comprehensive regional headquarters integrating investment, management, operation and R&D, becoming the first multinational company business unit recognized by Shanghai. Global Headquarters.

Pudong New Area has carried out the “Top Ten Classic Samples of Headquarters Economy Release Activity” for eight consecutive years. This year, Pudong New Area further improved the standards for headquarters sample selection. Starting from the three dimensions of energy level improvement, functional superposition, and overseas expansion, it announced sample companies with high influence in their respective fields, demonstrating their leadership in the industry. , resource allocation, technological innovation and other aspects of achievements. Sample companies including Covestro will become the objects of learning and reference for other companies, and will also provide a valuable reference path for the development of the headquarters economy in Pudong New Area.

As a participant in the development of Pudong, Covestro is honored to witness that Pudong continues to leverage its advantages as a leading district to promote institutional innovation and turn the ‘impossible’ into ‘possible’. We also look forward to Pudong building a better headquarters economic development ecosystem and leading the headquarters. The economy develops in a wider area and with higher quality.

Pudong’s efficient work, warm services and strong policies have given Covestro confidence. Please follow the editor to review the two-way journey between Covestro and Pudong:

2011

Covestro established a managed regional headquarters in Pudong for the first time. The global headquarters of the polycarbonate business unit moved to Pudong and continued to empower in the subsequent operations.

2020

Upgrade its capabilities and become the first recognized global headquarters of a multinational company’s business unit in Shanghai

2021

Continue to empower and expand the functions and business scope of regional headquarters to fully cover comprehensive functions such as regional management, innovation, operation, and investment.

It includes key functions such as the global headquarters of the Engineering Plastics Division, the Asia-Pacific headquarters of the Coatings and Adhesives Division, the Asia-Pacific headquarters of the Elastomers Division, and the Asia-Pacific Innovation Center.

2021-2023

Joined the Pudong Large Enterprise Open Innovation Center Program (GOI)

Covestro’s Open Innovation Center for Large Enterprises will be launched at CIIE in 2022

Continue to actively expand the cooperation network with local research institutions such as Tongji University and Shanghai Institute of Organic Chemistry, and continue to strengthen the local innovation ecosystem

2023

Covestro has made the decision to establish its headquarters in Pudong and will invest hundreds of millions of euros to build the company’s largest TPU production base in South China.

2023

Covestro signed a strategic cooperation agreement with Shanghai Pudong Development (Group) Co., Ltd., Shanghai Lujiazui (Group) Co., Ltd. and other value chain partners during the CIIE on the application of green building solutions to support the development of regional ultra-low energy buildings

Covestro is a witness and beneficiary of Pudong’s thriving growth in this fertile ground for high-quality development. Covestro is proud to move forward hand in hand with Pudong. In the future, it will continue to empower the regional headquarters in Pudong, continue to expand its functions and business scope, and seek new development opportunities in investment, trade, innovation and management.

Covestro will continue to be based in Shanghai and China, take more solid and powerful steps to promote the high-quality development of key industries such as new energy and green buildings, and contribute more to the country’s “double carbon” goal.