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Covestro

#1483

Rank

$12.04B

Marketcap

DE Germany

Country

Covestro
Leadership team

Dr. Markus Steilemann (CEO & Chairman of Management Board)

Dr. Thomas Toepfer (CFO, Labor Director & Member of Management Board)

Dr. Klaus Schäfer (CTO & Member of Management Board)

Products/ Services
Advanced Materials, Industrial, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Leverkusen, Nordrhein-Westfalen, Germany
Established
2015
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
1COV.F
Social Media
Overview
Location
Summary
Covestro AG supplies high-tech polymer materials and related application solutions. It operates in two segments, Performance Materials, and Solutions & Specialties. The Performance Materials segment develops, produces, and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins for use in furniture and wood processing, construction, automotive, and transportation industries, as well as roof structures, insulation for buildings and refrigerators, mattresses, car seats, and other applications. The Solutions & Specialties segment comprises a range of polymer products, including precursors for coatings and adhesives, polycarbonates, MDI specialties and polyols, specialty films, elastomers, and thermoplastic polyurethanes that are used in automotive and transportation, electrical, electronics and household appliances, construction, and healthcare industries, as well as composite resins for wind turbine, rotor blades, laptop cases, and floodlights. The company markets its products through trading houses and distributors. It operates in Europe, the Middle East, Africa, Latin America, the United States, Canada, and the People's Republic of China. The company was founded in 1863 and is headquartered in Leverkusen, Germany.
History

Covestro was created in 2015 as a spin-off of Bayer AG after Bayer AG decided to focus on its core life-science activities. This new company was created with the mission of focusing on its polymer materials businesses and creating future-oriented products.

Mission
We want to inspire innovation and drive growth through profitable products and technologies that benefit society and reduce the impact on the environment. That’s our mission.
Vision
Covestro’s vision is to be the most innovative and sustainable material solutions company in the world, creating superior value for our employees, customers, investors and society at large.
Key Team

Ms. Sucheta Govil (Chief Commercial Officer & Member of Management Board)

Mr. Ronald Koehler (Head of Investor Relations)

Dr. Joachim H. Wolff (Head of Polyurethanes Bus. Unit)

Mr. Daniel Meyer (Head of Polyurethanes (PU) Segment)

Ms. Michelle B. B. Jou (Head of Polycarbonates Segment)

Mr. Michael Friede (Head of S Coatings, Adhesives, Specialties Segment)

Mr. Uwe Arndt (Head of MDI Site)

Recognition and Awards
Covestro is a winner of the Global Bright Award for polymer materials innovation. The company also won a European Business Award for Environment in 2018 for its wide range of innovative materials, as well as its commitment to sustainability.
References
Covestro
Leadership team

Dr. Markus Steilemann (CEO & Chairman of Management Board)

Dr. Thomas Toepfer (CFO, Labor Director & Member of Management Board)

Dr. Klaus Schäfer (CTO & Member of Management Board)

Products/ Services
Advanced Materials, Industrial, Manufacturing
Number of Employees
1,000 - 20,000
Headquarters
Leverkusen, Nordrhein-Westfalen, Germany
Established
2015
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
1COV.F
Social Media