Covestro donates $100,000 to the American Red Cross to support hurricane relief efforts

Baytown, TX, August 31, 2017 — Today, Covestro LLC donated $100,000 to the American Red Cross to help fund ongoing hurricane relief efforts in Texas. As part of its corporate giving program, i3 Give, Covestro’s donation will be used to assist the Red Cross in providing safe shelter and comfort to those impacted by Hurricane Harvey.

The hurricane’s devastation hits close to home for Covestro, whose largest North American manufacturing facility is located along the Gulf Coast in Baytown, Texas. There, the company manufactures high-tech polymers for use in a wide range of industries, such as automotive, construction and furniture. Covestro also has manufacturing operations in nearby Channelview.

Critical manufacturing operations at both facilities have been shut down due to storm conditions and the inability of plant personnel to report to work.

“The safety of our Texas employees is the top priority right now,” said Jerry MacCleary, president, Covestro LLC. “With this financial donation, we hope to provide additional support to them, their families and our neighbors in the community who have been affected by the storm.”

Covestro employees around the world are eager to join the company in helping their friends and colleagues in Texas. To unify support and maximize impact, Covestro is working with the Red Cross to set up a donation portal where individual employee contributions will be matched dollar-for-dollar by Covestro.

“I’m touched by the tremendous amount of support we’ve seen from our Covestro colleagues, who continue to share words of encouragement and express their personal desire to help,” said Rod Herrick, vice president and site manager, Covestro Industrial Park Baytown. “The storm has given us all some challenges to work through, but there’s comfort in knowing that Covestro takes care of its own.”

Covestro has been in contact with all of its Texas employees and their families, and the company is actively seeking ways to directly assist them in the hurricane relief and recovery efforts.

About Covestro LLC:

Covestro LLC is one of the leading producers of high-performance polymers in North America and is part of the global Covestro business, which is among the world’s largest polymer companies with 2016 sales of EUR 11.9 billion. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, electrical and electronics, and medical industries. Other sectors include sports and leisure, cosmetics and the chemical industry itself. Covestro has 30 production sites worldwide and employed approximately 15,600 people at the end of 2016.

About i3 (ignite, imagine, innovate):

i3 (ignite, imagine, innovate) is Covestro LLC’s companywide corporate social responsibility (CSR) initiative that aims to spark curiosity, to envision what could be and to help create it. Built on the three pillars of philanthropy (i3 Give), employee volunteerism (i3 Engage) and STEM education (i3 STEM), i3 seeks to create sustainable and lasting impacts. i3 Give is designed to innovate corporate philanthropy strategies that combine both human and financial resources to build stronger communities. i3 Engage re-imagines the way employees from for-profits and nonprofits engage with one another for more effective outcomes. And, i3 STEM ignites young minds to become the innovators of tomorrow through support of hands-on, inquiry-based STEM education, workforce experience and employee volunteerism.

For the latest on Hurricane Harvey’s impact to Covestro operations in Texas and related news, visit www.covestro.us/company/harveyupdates.

Covestro Contact:

Alice Sox, Phone: +1 412-413-5430
alice.sox@covestro.com

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This press release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available on the Covestro website at www.covestro.com. Covestro assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

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