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 2020
€
1
bn.
Group Sales
€
1
bn.
EBITDA
1
%
Core Volume Growth
€
1
mn.
Free Operating Cash Flow
1
Employees
1
Production sites worldwide
Strategy
The world is facing enormous global challenges. These include advancing climate change, increasing mobility, a growing world population and increasing urbanization. Covestro is addressing these challenges and combining economic success with sustainability. The goal is to realize Covestro's purpose: "To make the world a brighter place".
To this end, we are fully committed to the circular economy. The focus here is on four topics: Alternative Raw Materials to replace fossil raw materials such as crude oil. Innovative Recycling, where energy-efficient technologies allow more used products and waste to be recycled. Renewable Energy, so that clean energy must power the Circular Economy. And Joint Solutions, to bring the Circular Economy forward through cross-industry collaboration.
We are pushing boundaries – with our employees and production facilities, through our products, and with a consistent focus on innovation and sustainability. We rely on technologies that reduce energy consumption and emissions in our production processes. And we replace traditional materials such as glass and metal, which are manufactured less sustainably or have a less sustainable life cycle, with products and plastics we develop.
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 around 30 sites in 22 countries worldwide, as well as 4 research and development (R&D) facilities in Baytown (USA), Leverkusen (Germany), Shanghai (China) and Amagasaki (Japan).
