Covestro increases stake in DCP joint venture to 80%

Covestro increased its stake in DIC Covestro Polymers Ltd. (DCP) from 50% to 80%, expanding its thermoplastic polyurethane business. The investment is tens of millions of euros, expected to close in Q2 2019.

“Given the strong and long-term cooperation between the two companies and our full understanding of future growth potential, this acquisition is Covestro's commitment to sustainably drive innovation growth.”haythink.com

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• haythink.comCovestro Becomes Largest Shareholder Of Joint Venture DCP Company And Continues To Expand TPU Business - Global Leading Information Platform For Advanced Materials And TechnologiesJan 15, 2024

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