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. As of December 16, 2024, Covestro AG operates as a subsidiary of ADNOC International Limited.

Covestro AG

Country	Germany
Founded	1863
Industry	Plastics Materials, Synthetic Resins, and Nonvulcanizable Elastomers
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	Frankfurt Stock Exchange
Fiscal Year	January - December
Reporting Currency	EUR
SIC Code	2821

Key Executives

Name	Position
Markus Steilemann	Chief Executive Officer
Christian Baier	Chief Financial Officer
Ronald Koehler	Head of Investor Relations