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The plastics maker could even imagine buying billions.
Frankfurt The plastics manufacturer Covestro explores the possibilities of redemption. "On the subject of mergers and acquisitions, we have done very little in the past, it should change," said new financial director Thomas Toepfer, the "Börsen-Zeitung". "That's why we are looking, of course, right and left, what are the possibilities." He sees opportunities for acquisitions, especially for the smaller business segment CAS (paints, adhesives, specialties).
"The question of whether an M & A transaction makes sense, of course, depends on the price, and at the same time you have to look at the value you can create with it," he explained. , the synergies in acquisitions are an important factor.The size of the purchase is however not the decisive criterion.
The new boss of Covestro, Markus Steilemann, who had been in power since June, had already announced that it would be more courageous in terms of acquisitions.Even billions of additional purchases are possible.The former subsidiary of Bayer has been hoisted at the top of the list. Dax index in March .The bottlenecks in the ability of competition and strong demand had allowed the plastics maker to post a record balance last year.
The group wants also increase its investments under the new management. "For this year, we have already budgeted investments of 650 to 700 million euros, which is already a significant increase over previous years, "said Mr Toepfer.
In the next three years, the investment should be between 700 million and 1.2 billion euros. This includes the construction of a new large-scale plant, which will be decided in the near future.
For the moment, Toepfer Covestro sees little commercial conflict. The group produces wherever the products would be sold. "The issue of trade barriers does not affect us so much, but of course we too would be affected if trade sanctions slow down the growth of the world economy."
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