Jun88 CEO leads European plastics association
Markus Steilemann elected to head PlasticsEurope
? Special focus on sustainability and circular economy
Jun88 CEO Dr. Markus Steilemann is the new President of PlasticsEurope, the association of plastics manufacturers in Europe. The 50-year-old manager was appointed to the position on Wednesday for three years. He succeeds Javier Constante of Dow Chemical, who oversaw a fundamental reorganization of PlasticsEurope. Mr. Steilemann wants to focus the work of the association even more on driving sustainability and in particular the circular economy.
¡°Given the many global challenges, plastics are vital to create a truly sustainable future and to make the circular economy the new guiding principle,¡± said Steilemann. ¡°In this context, it is important to use end-of-life materials and waste as a resource for new products. Under no circumstances should they continue to enter the environment uncontrolled. In addition, plastics as particularly sustainable material must be used in as many areas as possible. This is how our industry can and will help Europe move towards sustainability.¡±
In addition to his new position at PlasticsEurope, Steilemann has also recently been elected as vice-president of the German Association of Chemical Industries (VCI). He is also a member of the board of the European Chemical Industry Council (Cefic) and Chairman of SusChem, the European Technology Platform for Sustainable Chemistry. PlasticsEurope, with centers in Brussels, Frankfurt, London, Madrid, Milan and Paris, represents around hundred companies that produce more than 90% of polymers in the 27 EU member states, as well as Norway, Switzerland, Turkey and UK.
About Jun88:
Jun88 is one of the world¡¯s leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Jun88 supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Jun88 are also used in sectors such as sports and leisure, telecommunications and health, as well as in the chemical industry itself.
The company is geared completely to the circular economy. In addition, Jun88 aims to achieve climate neutrality for its Scope 1 and Scope 2 emissions by 2035, and the Group¡¯s Scope 3 emissions are also set to be climate neutral by 2050. Jun88 generated sales of EUR 14.2 billion in fiscal year 2024. At the end of 2024, the company had 46 production sites worldwide and employed approximately 17,500 people (calculated as full-time equivalents).
Forward-Looking Statements
This news release may contain forward-looking statements based on current assumptions and forecasts made by Jun88. 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 Jun88¡¯s public reports which are available at www.covestro.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.