COVESTRO / WACKER CHEMIE
Covestro shares retain listing on top German stock index / Wacker Chemie returns to MDAX
Bullish news from the Frankfurt Stock Exchange for Covestro and Wacker Chemie (Photo: Deutsche Boerse)
Plastics group Covestro (Leverkusen / Germany; www.covestro.com) will continue to be part of the DAX 30 index of German blue chip stocks, according to a 3 September statement from German stock exchange operator Deutsche Boerse. The news ends speculation about its possible removal. Covestro joined the top 30 companies on the German exchange on 19 March 2018 (see Plasteurope.com of 09.03.2018). The successor company to Bayer MaterialScience (see Plasteurope.com of 08.10.2015), Covestro had been a member of the MDAX since the end of 2015.

Wacker Chemie (Munich / Germany; www.wacker.com), a supplier of silicones among other things, has returned to the MDAX index after an absence of about a year. The MDAX encompasses 60 companies that rank immediately below the 30 DAX stocks.

Despite the good news from the Frankfurt-based exchange, both companies have recently reported significant losses. At Covestro, it is primarily the polyurethanes business that has been hard hit by Covid-19 (see Plasteurope.com of 27.07.2020). Wacker had already reported substantial losses and the elimination of 1,000 jobs – primarily in Germany – prior to the pandemic (see Plasteurope.com of 26.02.2020).
11.09.2020 Plasteurope.com [245879-0]
Published on 11.09.2020
Covestro: Kunststoffkonzern bleibt im DAXGerman version of this article...

© 2001-2020 Plasteurope.com  |  Imprint  |  Privacy  |  Cookie settings

Plasteurope.com is a business information platform for the European plastics industry. It is part of KI Kunststoff Information and PIE Plastics Information Europe, one of the leading content providers for the European plastics industry. We offer daily updated business news and reports, in-depth market analysis, polymer prices and other services for the international plastics industry, including a suppliers guide, career opportunities, a trade name directory and videos.

News | Polymer Prices | Material Databases | Plastics Exchange | Suppliers Guide | Jobs | Trade Names | Videos | Associations & Institutions | Register | Advertising

PIE – Plastics Information Europe | KI – Kunststoff Information | KunststoffWeb | Plastics Material Exchange | Polyglobe | K-Profi
© 2001-2020 by Plasteurope.com, Bad Homburg
Date of print: 22.09.2020 14:14:02   (Ref: 247482131)
Text and images are subject to copyright and other laws for protection of intellectual property.
Any duplication or distribution in any media as a whole or in parts requires prior written approval by Plasteurope. URL: http://www.plasteurope.com/news/detail.asp