Covestro at a glance
The company
Covestro is one of the world’s largest polymer companies. Our business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, construction, wood processing and furniture, as well as electrical, electronics, and household appliances industries. Other sectors include sports and leisure, cosmetics, health and the chemical industry itself.
Key Figures 2021
€
1
bn.
Group Sales
€
1
bn.
EBITDA
1
%
Core Volume Growth
€
1
bn.
Free Operating Cash Flow
1
Employees
1
Production sites worldwide
Strategy
The world is facing major upheavals: climate change, population growth, urbanization - to name just a few. This puts sustainability at center stage, with the circular economy becoming mainstream. All of these trends force entire industries to adapt. But at Covestro, we don’t want to just adapt, but being a pioneer: We intend to shape our sustainable and circular future and be part of the solution to the challenges of our time. Our new strategy “sustainable future” paves the way.
Board of Management
The Covestro Board of Management manages the operational businesses and defines and pursues the corporate goals.
Dr. Thomas Toepfer
acts as Chief Financial Officer (CFO) since April 2018 and Labor Director since January 2019
Production sites
Covestro operates production at 50 sites worldwide and 10 R&D facilities in the EMLA, NA, and APAC regions.