Overview
Description
Covestro AG is a prominent provider of high-performance, innovative materials primarily in the polymer sector. Founded in 2015 as a spin-off from the Bayer Group, this German-based company specializes in the manufacture of polycarbonates and polyurethanes, which are integral in multiple industries including automotive, construction, and electronics. Covestro's products are crucial in creating lightweight components for vehicles, enhancing energy efficiency in buildings, and contributing to the development of durable electronic devices. With a strong emphasis on sustainability, Covestro is committed to advancing the circular economy through innovative recycling technologies and the development of materials that reduce energy consumption and carbon emissions. Among its operations, Covestro strategically focuses on Research & Development to maintain its leadership position in the specialty chemicals market, meeting evolving demands in sustainability and functionality. Covestro AG plays a pivotal role in shaping the future of materials science, reflected in its strong market presence and extensive global outreach, supporting significant sectors with high-performance solutions.
About
CEO
Dr. Markus Steilemann Ph.D.
Employees
17578
Address
Kaiser-Wilhelm-Allee 60
Leverkusen, 51373
Leverkusen, 51373
Phone
49 214 6009 2000
Website
Instrument type
Common stock
Sector
Industry
Country
Germany
MIC code
XFRA