Covestro AG (ETR: 1COV)
Germany flag Germany · Delayed Price · Currency is EUR
57.04
-0.28 (-0.49%)
Nov 21, 2024, 5:39 PM CET

Covestro AG Company Description

Covestro AG supplies high-tech polymer materials and 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 polycarbonates, precursors for coatings and adhesives, MDI specialties and polyols, thermoplastic polyurethanes, specialty films, and elastomers that are used in automotive and transportation, electrical, electronics and household appliances, construction, and healthcare industries, as well as composite resins for solar panel frames, laptops, floodlights, and electric vehicle batteries.

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.

Covestro AG
Covestro AG logo
Country Germany
Founded 1863
Industry Specialty Chemicals
Sector Materials
Employees 18,371
CEO Markus Steilemann

Contact Details

Address:
Kaiser-Wilhelm-Allee 60
Leverkusen, 51373
Germany
Phone 49 214 6009 2000
Website covestro.com

Stock Details

Ticker Symbol 1COV
Exchange Deutsche Börse Xetra
Fiscal Year January - December
Reporting Currency EUR
ISIN Number DE0006062144
SIC Code 2821

Key Executives

Name Position
Christian Baier Chief Financial Officer and Member of Management Board
Sucheta Govil Chief Commercial Officer and Member of Management Board
Dr. Thorsten Dreier Chief Technology Officer and Member of Management Board
Ronald Koehler Head of Investor Relations
Uwe Arndt Head of MDI Site
Nils Janus Head of Artificial Intelligence
Sophie von Saldern Global Head of Human Resources
Carsten Intveen Investor Relations Director