Covestro is one of the world's leading manufacturers of high-quality polymer materials and their components. With its innovative products, processes and methods, the company helps enhance sustainability and the quality of life in many areas. Covestro supplies customers around the world in key industries such as mobility, building and living, as well as the electrical and electronics sector. In addition, polymers from Covestro are also used in sectors such as sports and leisure, cosmetics and health, as well as in the chemical industry itself.
The company is committed to becoming fully circular and is striving to become climate neutral by 2035 (scope 1 and 2). Covestro generated sales of EUR 15.9 billion in fiscal 2021. At the end of 2021, the company had 50 production sites worldwide and employed approximately 17,900 people (calculated as full-time equivalents).
- Focus : Manufacturer
- Employees: 10,001+
- Industry : Chemistry
Products from Covestro
News about Covestro
03-Mar-2023 | Finances
Covestro: Fiscal 2022 impacted by geopolitical crises and a weak economy
Fiscal 2022 was impacted by global challenges that had significant and perceptible effects on Covestro’s business performance. In particular, the sharp ...
13-Feb-2023 | Research
Degradation of Plastic Waste using newly Developed Biocatalysts
The plastic materials polyurethane and polyvinyl alcohol can now be degraded under mild conditions with the help of enzymes as biocatalysts. Scientists ...
07-Feb-2023 | Manufacturing
Covestro successfully starts up a new world-scale chlorine plant in Tarragona
Covestro has successfully started up a new world-scale facility for the production of chlorine in Tarragona, Spain. It is the first world-scale production ...
03-Feb-2023 | Manufacturing
Covestro plans to close the Markt Bibart site
As part of its ongoing, Group-wide portfolio optimization efforts, in the future Covestro will increasingly focus the Engineering Plastics business entity ...
23-Jan-2023 | Cooperation
Covestro and LANXESS cooperate to produce more sustainable raw materials with reduced CO₂ footprint
Chemical companies Covestro and LANXESS are cooperating in the energy-intensive production of basic chemicals at their Lower Rhine sites in Germany and ...
05-Dec-2022 | Products
Covestro turns to biotechnology for sustainable plastics
Covestro is expanding its competencies in industrial biotechnology. The plastics manufacturer intends to make increasing use of microorganisms and enzymes ...
13-Jun-2022 | People
Covestro extends contract with CEO Dr. Markus Steilemann ahead of schedule until 2028
Dr. Markus Steilemann will remain Chief Executive Officer of Covestro for a further five years. The Supervisory Board has extended his contract, which runs ...