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Covestro see business rebound continuing through rest of year

FRANKFURT, Sept 30 (Reuters) - Covestro, which on Wednesday agreed to buy coatings businesses from DSM, said the ongoing recovery in demand had gained momentum, giving the chemicals maker confidence about the remainder of the year.

“We have seen a very positive momentum in September. Our confidence has increased even more,” finance chief Thomas Toepfer told Reuters.

Higher demand across customer industries was leading to a V-shaped recovery, allowing the company to raise product prices as sales volumes continue to increase, he added. (Reporting by Ludwig Burger and Patricia Weiss; editing by Thomas Seythal)

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