Covestro AG
Capital Structure
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Markus Steilemann
- Full Time Employees
- 17,598
- Sector
- Process industries
- Industry
- Chemicals: specialty
- Address
- Kaiser-Wilhelm-Allee 60 Leverkusen NW Germany 51373
- IPO Date
- Oct 6, 2015
- Website
- covestro.com
- Similar Companies
- Business
- Covestro AG is a leading global producer of advanced polymer materials and complementary application solutions. The company operates through two main business divisions: Performance Materials and Solutions & Specialties. The Performance Materials division is dedicated to developing, manufacturing, and consistently delivering high-volume materials, including polyurethanes and polycarbonates, alongside essential base chemicals such as diphenylmethane diisocyanate (MDI), toluene diisocyanate (TDI), long-chain polyols, and polycarbonate resins. These materials find extensive use across sectors like automotive and transportation, construction, and the furniture and wood processing industries, appearing in products such as roof structures, insulation for buildings and refrigeration units, mattresses, and vehicle seating. This segment emphasizes reliable supply of standard products at competitive prices. Conversely, the Solutions & Specialties segment focuses on a diverse portfolio of sophisticated polymer offerings. This includes specialized polycarbonates, precursors for coatings and adhesives, MDI specialties, various polyols, advanced specialty films, elastomers, and thermoplastic polyurethanes. These innovative products are applied in a wide array of fields, from mobility and transportation, electrical and electronics, and household appliances, to construction and healthcare, as well as in composite resins for components like wind turbine blades, laptop casings, and floodlights. This division prioritizes innovation and customer-specific system solutions. The company distributes its products globally, serving customers through direct sales channels, trading houses, and a network of distributors. Covestro maintains a significant international footprint, conducting business across Europe, the Middle East, Africa, Latin America, North America, including the United States and Canada, and the Asia-Pacific region, notably China. A key strategic emphasis for Covestro is its comprehensive commitment to the circular economy, aiming for 100% renewable energy and alternative raw materials, alongside pioneering recycling technologies. Founded in 1863, the enterprise is headquartered in Leverkusen, Germany. In a significant recent development, Abu Dhabi National Oil Company (ADNOC), operating as XRG, successfully completed its voluntary public takeover offer, securing regulatory approvals in November 2025 and acquiring a 91.3% stake in Covestro. Despite the acquisition, Covestro is set to retain its operational autonomy and headquarters in Leverkusen.
Company News
Covestro (OTCMKTS:COVTY) Sees Unusually-High Trading Volume – Still a Buy?
ADNOC's Covestro takeover gets final regulatory approval in Germany
EU Conditionally Clears $13.7 Billion Adnoc-Covestro Deal
ADNOC's Covestro deal gets conditional European Commission greenlight
ADNOC's Covestro deal set for EU nod in coming weeks, sources say
Covestro AG (COVTY) Q3 2025 Earnings Call Transcript
ADNOC set to win $17 billion Covestro deal with remedy tweaks, sources say
Robust remedies should secure EU okay for $17 bln Covestro deal, ADNOC says
ADNOC manager optimistic about EU's Covestro takeover review
Covestro shares climb as ADNOC plans EU concessions
Exclusive: ADNOC close to finalising EU remedies for Covestro deal, sources say
ADNOC slams EU regulators for 'invasive' demands in subsidy probe into Covestro deal
EU regulators set to pause subsidy probe into ADNOC's Covestro deal, source says
Covestro AG (CVVTF) Q2 2025 Earnings Call Transcript
ADNOC's Covestro buy may be boosted by foreign subsidies, EU warns
EU antitrust regulators resume foreign aid probe into ADNOC's Covestro deal
North America Polycarbonate Sheets Market Forecast Report 2025-2030, with Key Player Profiles for Covestro, CS Hyde, Gallina, San Diego Plastics, Palram, Stabilit Suisse, Lyon Plastic, Tileron & more
Adnoc's $13 Billion Bid for Germany's Covestro Approved by EU
ADNOC wins unconditional EU antitrust approval for Covestro deal
Covestro AG (CVVTF) Q1 2025 Earnings Call Transcript