Covestro first-quarter profit sinks on low demand in China, strong competition

Covestro first-quarter profit sinks on low demand in China, strong competition
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30.04.2020

MOSCOW (MRC) -- German chemicals maker CovestroВ reported an 89% plunge in quarterly profit on Wednesday, hurt by weak demand in China due to coronavirus pandemic-driven production disruptions and as strong competition led to a decline in products prices, said Reuters.The former Bayer unit, whose main customers include the automotive industry and electronics manufacturers, said its first-

Full article at mrcplast.com

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