Covestro Warns EU Must Protect Key Sectors or Risk Industrial Exodus
Covestro’s chief executive has issued a warning that the European Union must decide which industrial sectors to protect against international competition, or risk losing major companies to relocation. This comes as the Abu Dhabi-owned German chemicals manufacturer announces significant capital investments of up to €4 billion directed toward China and the United Arab Emirates, highlighting the company’s strategic shift toward non-EU markets.