Covestro AG
Other OTCCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- CEO
- Markus Steilemann
- Full Time Employees
- 17,598
- Sector
- Basic Materials
- Industry
- Chemicals - Specialty
- Address
- Kaiser-Wilhelm-Allee 60 Leverkusen NW Germany 51373
- IPO Date
- Feb 2, 2017
- Website
- covestro.com
- Similar Companies
- Business
- Covestro AG is a leading global manufacturer of high-tech polymer materials and specialty chemicals. Founded in 1863 and headquartered in Leverkusen, Germany, the company operates primarily through two business segments: Performance Materials and Solutions & Specialties. Its core products include polyurethanes, polycarbonates, and base chemicals such as diphenylmethane diisocyanate (MDI) and toluylene diisocyanate (TDI). Covestro supplies a broad range of materials for coatings, adhesives, insulation, automotive components, electronics, construction, furniture, and various industrial applications. The Solutions & Specialties segment offers advanced polymer products including engineering plastics, thermoplastic polyurethanes, specialty films, elastomers, and tailored urethanes, catering to industries like automotive, electrical, healthcare, and renewable energy. In recent major developments, Covestro entered a strategic partnership with ADNOC International in 2024, resulting in ADNOC acquiring a significant stake and positioning Covestro as the foundation for ADNOC's chemicals and performance materials business, while retaining operational independence and governance structure. Additionally, Covestro secured a €1.17 billion capital increase through another strategic alliance with XRG to advance innovation, digital transformation, and circular economy initiatives. Expansion efforts include a new production facility for polycarbonate copolymers in Antwerp, Belgium, enhancing capacities for sustainable and high-performance materials. These moves underscore Covestro’s focus on sustainable production technologies and broadening its global reach across Europe, North America, Asia, Latin America, Middle East, and Africa. Covestro targets various industries, including automotive, construction, electronics, furniture, healthcare, and renewable energy, supplying raw materials and high-performance specialty chemicals that enable innovative and sustainable product solutions. The company markets its products through distributors and trading houses and maintains 46 production sites worldwide. Its product portfolio emphasizes environmental sustainability and reducing carbon footprint, aligning with global circular economy goals. Covestro continues to invest heavily in expanding its technological and production capabilities to drive growth and industry leadership in polymer materials and specialty chemicals worldwide.
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