Covestro Expands China Operations Alongside Majority Shareholder ADNOC at CIIE

Materials manufacturer Covestro showcased advanced materials for construction, mobility, and renewable energy at the China International Import Expo (CIIE) in Shanghai. The company exhibited jointly with Abu Dhabi National Oil Company (ADNOC), which holds a majority stake in Covestro through its international investment arm, XRG.

Covestro highlighted expanding industrial investments and research operations in China aimed at supporting electric vehicles and the circular economy. As part of its showcase, the group unveiled specialized ultra-low thermal conductivity polyurethane insulation boards engineered to meet Shanghai's green building codes.

Covestro Chief Executive Officer Markus Steilemann underscored the strategic importance of the Chinese market as the company marks 25 years of local manufacturing operations.

Separately, UAE trade data reported for the first nine months showed total non-oil foreign trade reaching AED 2.945 trillion, with China identified as one of the UAE's leading import partners alongside India and the United States.