Covestro AG
Company Snapshot
Founded: 1863
Entity Type: Public
Employees: 17,543
Region: U.S.
Revenue: $15,344.7 Millions
Revenue Year: 2024
Segment: Solutions & Specialties
Headquarter: Leverkusen, Germany
Key Geographics: North America, Europe, Middle East, Latin America, Asia and Africa
Corporate Address: Kaiser-Wilhelm-Allee 60 51373 Leverkusen, Germany Tel. +49-214-6009-2000 www.covestro.com
Company Overview
Covestro AG operates its business through two major segments: performance materials, solutions, and specialties. Covestro AG develops and distributes high-tech specialty chemicals in the global market. The company designs and produces specialty chemicals for polyurethanes, coatings, adhesives, and polycarbonates. It offers specialty chemicals to several industries, including automotive, construction, electrical, and electronics. Covestro AG has a strong presence in North America, South America, Europe, Asia-Pacific, the Middle East and Africa. The company operates its business through 57 consolidated companies across 21 countries globally.
Financial Highlights (FY 2024)
Net Revenue: ***
Total Current Liabilities: ***
Total Current Assets: ***
R&D expenses: ***
Operating Income: ***
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Covestro AG In News
Company's Business Segments
- Performance Materials : Development, production, and supply of high-performance materials such as polyurethanes and polycarbonates, as well as base chemicals. This includes diphenylmethane diisocyanate (MDI), toluene diisocyanate (TDI), long-chain polyols, and polycarbonate resins, among others
- Solutions & Specialties : Engineering Plastics; Coatings & Adhesives; Tailored Urethanes; Thermoplastic Polyurethanes; Specialty Films; and Elastomers. s Solutions & Specialties business comprises a variety of polymer products including polycarbonates, precursors for coatings and adhesives, MDI specialties and polyols, thermoplastic polyurethanes, specialty films, and elastomers.
Applications/End User Industries
- The Construction Industry
- Roof Structures
- Insulation For Buildings And Refrigerators
- The Electrical
- Electronics And Household Appliances Industry
- Healthcare Industry
- Solar Panel Frames
- Precursors For Coatings And Adhesives
- Electric Vehicle Batteries
- Furniture And Wood Processing Industry
- The Automotive And Transportation Industry
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