Covestro AG - Company Profile
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Covestro AG (Covestro), a subsidiary of Abu Dhabi National Oil Co is a provider of high-tech polymers. The company's primary activities involve the development and manufacturing of raw materials for polyurethanes, and their derivatives, coatings, adhesives and other specialties, polycarbonates, and specialty chemicals. Covestro's product portfolio includes polycarbonates, specialty chemicals, and byproducts such as styrene and chlorine. It caters to a diverse range of industries, including automotive, construction, fashion, and sportswear, electrical and electronics, cosmetics, health, chemical, and wood processing and furniture. Covestro operates through a network of research laboratories, technical service centers and sales offices across the world. The company operates in Asia-Pacific, North America, South America, Europe, the Middle East, and Africa. Covestro is headquartered in Leverkusen, Nordrhein-Westfalen, Germany.
Headquarters
Germany
Address
Kaiser-Wilhelm-Allee 60, Leverkusen, Nordrhein-Westfalen, 51373
Website
www.covestro.de
Telephone
49 214 60092000
No of Employees
17,598
Industry
Chemicals
Ticker Symbol & Exchange
1COV (FRA)
Revenue (2024)
$14.6B
-8.7%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
-142.1%
(2024 vs 2023)
Market Cap*
$14.2B
Net Profit Margin (2024)
XYZ
-164.9%
(2024 vs 2023)
* As of and is in US$
Covestro AG premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Adhesives | Apec |
| Additives | Actaclear |
| Caustic Soda | Acclaim |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2026 | Asset Purchase | In July, the company acquired two Vencorex production sites for HDI derivatives in Rayong, Thailand, and Freeport, Texas, USA from PTT Global Chemical Public. |
| 2026 | Plans/Strategy | In June, the company announced its plan to invest in new world-scale MDI train in China and start UAE feasibility study to achieve operational net-zero greenhouse gas emissions footprint. |
| 2026 | New Products/Services | In June, the company launched Bio4PURConti (Bio-Based Continuous Production for Sustainable Polyurethane Industry) to develop the world’s first continuous production process for bio-based aniline. |
Competitor Comparison
| Key Parameters | Covestro AG | BASF SE | Saudi Basic Industries Corp | Wanhua Chemical Group Co Ltd | Celanese Corp |
|---|---|---|---|---|---|
| Headquarters | Germany | Germany | Saudi Arabia | China | United States of America |
| City | Leverkusen | Ludwigshafen | Riyadh | Yantai | Irving |
| State/Province | Nordrhein-Westfalen | Rheinland-Pfalz | Riyadh | Shandong | Texas |
| No. of Employees | 17,598 | 106,428 | 28,000 | 30,772 | 11,434 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Rainer Seele | Chairman | Executive Board | 2025 | 66 |
| Frank Lollgen | Vice Chairman | Executive Board | 2025 | 65 |
| Markus Steilemann | Chief Executive Officer | Senior Management | 2018 | 56 |
| Christian Baier | Chief Financial Officer | Senior Management | 2023 | 50 |
| Thorsten Dreier | Director - Labour; Chief Technology Officer | Senior Management | 2023 | 53 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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