Covestro AG - Company Profile
Powered by
All the data and insights you need on Covestro AG in one report.
- Save hours of research time and resources with
our up-to-date Covestro AG Strategy Report
- Understand Covestro AG position in the market,
performance and strategic initiatives.
- Gain competitive edge and increase your
chances of success
Covestro AG (Covestro) is a provider of high-tech polymers. It develops and manufactures raw materials for polyurethanes, and their derivatives, coatings, adhesives and other specialties, polycarbonates, and specialty chemicals. Additionally, the business produces and sells byproducts like styrene as well as chlorine. The company provides its offerings to various kinds of industries such as automotive, construction, fashion, and sportswear, electrical and electronics, cosmetics, health, chemical, and wood processing and furniture. It operates research laboratories, technical service centers and sales offices across the world. The company operates in North America, South America, Europe, Asia-Pacific, the Middle East, and Africa. Covestro is headquartered in Leverkusen, Germany.
Covestro AG premium industry data and analytics
Products and Services
Products | Brands |
---|---|
Products | Actaclear |
Additives | Acclaim Polyol |
Adhesives | Apec |
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 |
---|---|---|
2024 | Contracts/Agreements | In February, the company and RWE entered into a power purchase agreement to provide power from offshore wind turbines in the North Sea to the Covestro production facility in Antwerp, Belgium. |
2024 | Contracts/Agreements | In January, the company entered into an agreement with Encina under which Encina will supply chemically recycled raw materials. |
2023 | New Products/Services | In November, the company and HiPhi launched a joint laboratory at the China International Import Expo. |
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 Am Rhein | Riyadh | Yantai | Irving |
State/Province | Nordrhein-Westfalen | Rheinland-Pfalz | - | Shandong | Texas |
No. of Employees | 17,520 | 111,991 | 33,000 | 29,053 | 12,410 |
Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
Name | Position | Board | Since | Age |
---|---|---|---|---|
Richard Pott | Chairman | Executive Board | - | - |
Christian Baier | Chief Financial Officer; Director | Executive Board | 2023 | - |
Markus Steilemann | Chief Executive Officer | Senior Management | 2018 | 51 |
Thorsten Dreier | Director - Labour; Chief Technology Officer | Senior Management | 2023 | - |
Sucheta Govil | Chief Commercial Officer | Senior Management | 2019 | 58 |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Access more premium companies when you subscribe to Explorer
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward