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Seven entities with a clear focus

As of July 1, 2021, Covestro’s business structure has been realigned. The former three segments Polyurethanes (PUR), Polycarbonates (PCS), and Coatings, Adhesives, Specialties (CAS) have been restructured to form seven new, tailored business entities. We now have focused our businesses even more closely on the requirements of individual markets and aligned them to a greater degree with our customers’ needs.

The business entities will be grouped in two larger divisions, namely Performance Materials and Solutions and Specialties. Performance Materials will focus on reliably supplying standard products such as Standard Polycarbonates, Standard Urethane Components, and Base Chemicals.

Solutions and Specialties will be home to customized chemical products and smaller-scale application services that add value for our customers. Solutions and Specialties will encompass the Tailored Urethanes, Thermoplastic Polyurethanes, Coatings and Adhesives, Elastomers, Engineering Plastics, and Specialty Films business entities.

Our products and services will therefore no longer be grouped by chemical but instead by the underlying business specifics and customer needs. Each business entity will have the necessary decision-making power to manage their business optimally to ensure that we integrate so called “run activities” straight into their operations.

We have also consolidated certain cross-company build activities on a corporate level to ensure our long-term development. These include sustainability, innovation, digitalization, and strategy.

This new structure will help us fulfill our strategic aims to "become the best of who we are", set the course for sustainable growth, and fulfil our vision to become fully circular.

Until July 1st, however, we continue to operate in our current three business units. Here’s what they do in a nutshell:

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