Covestro ranks among the world’s leading manufacturers of premium polymers. The company’s products and application solutions are found in nearly every area of modern life. Innovation and sustainability are the driving forces behind the organization’s continuous development of its products, processes and facilities.
Covestro employed a workforce of 15,800 in 2015 and generated sales of EUR 12.1 billion. The company is present around the globe, operating 30 sites in Europe, Asia and the Americas, eight of them being world-scale production facilities with annual capacities exceeding 100,000 metric tons. It also maintains dozens of smaller and specialized technical centers that are close to customers and can therefore offer individual support and tailored solutions.
To ensure our competitiveness long-term, modern production plants were built and the latest technologies introduced in recent years as part of an extensive capital expenditure program. A total of EUR 3 billion were invested at the Shanghai site in China alone. At the site Dormagen, Germany, Covestro spent EUR 250 million in 2014 to build a plant that produces the foam component TDI. The facility is equipped with high-efficiency technology, developed in-house, that reduces consumption of both energy and solvent. Thanks to equipment of this kind, the company’s production operations are particularly efficient.
Innovation and sustainability as driving forces
In line with its purpose – To make the world a brighter place – Covestro is working on sustainable solutions to the greatest challenges of our age, such as climate change, resource depletion, population growth and urbanization. The company serves these global trends and the associated major industries, such as the automotive, construction, wood processing and furniture, sports and leisure, and electrical and electronics industries. The demand for premium plastics in these sectors is expected to show continued growth in coming years.
Leading positions in the three segments
In its largest segment, Polyurethanes, the company is the global leader in the development, production and marketing of polyols and isocyanates, components in rigid and flexible foams. These polyurethanes are found in a variety of everyday applications, such as mattresses and automobile seats, or as rigid foam in insulation for refrigerators and buildings.
Covestro is also the leader in the development and production of polycarbonates. Lightweight, durable and freely formable, this premium plastic combines a variety of good properties and is found in numerous industries and common objects, such as laptops, smartphones, medical devices, automotive parts and stadium roofs. Covestro markets the material through its Polycarbonates unit in the form of granules, semi-finished products or blends with other plastics.
In its third segment, Coatings, Adhesives Specialties (CAS), Covestro is the world’s leading supplier of raw materials for premium coatings, adhesives, sealants and specialty chemicals. They protect and enhance the surfaces of cars, furniture and flooring, and support applications in the sports and leisure, cosmetic, textile and medical products industries. They give an end product that special, final touch.
Covestro has been an independent company listed on the stock exchange since fall 2015. As Bayer MaterialScience, the company previously was a member of the Bayer Group, which still holds 64 percent of shares. Bayer today is a purely life sciences company focusing on human and veterinary drugs, as well as seed and crop protection.