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, precursors for coatings and adhesives, specialty films, laptop cases, 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.
| Country | Germany |
| Founded | 1863 |
| Industry | Specialty Chemicals |
| Sector | Materials |
| Employees | 17,503 |
| 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 | COVTY |
| Exchange | OTCMKTS |
| Fiscal Year | January - December |
| Reporting Currency | EUR |
| ISIN Number | US22304D2071 |
| SIC Code | 2821 |
Key Executives
| Name | Position |
|---|---|
| Dr. Markus Steilemann Ph.D. | Chief Executive Officer and Chairman of Management Board |
| Christian Baier | Chief Financial Officer and Member of Management Board |
| Dr. Thorsten Dreier | Chief Technology Officer and Member of Management Board |
| Sucheta Govil | Chief Commercial Officer |
| Monique Buch | Member of Management Board |
| Ronald Koehler | Head of Investor Relations and Corporate Controlling |
| 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 |