Covestro AG (COVTY)
Company Description
Covestro AG supplies high-tech polymer materials and related application solutions.
It operates in two segments, Performance Materials, and Solutions & Specialties.
The Performance Materials segment develops, produces, and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins for use in furniture and wood processing, construction, automotive, and transportation industries, as well as roof structures, insulation for buildings and refrigerators, mattresses, car seats, and other applications.
The Solutions & Specialties segment comprises a range of polymer products, including precursors for coatings and adhesives, polycarbonates, MDI specialties and polyols, specialty films, elastomers, and thermoplastic polyurethanes that are used in automotive and transportation, electrical, electronics and household appliances, construction, and healthcare industries, as well as composite resins for wind turbine, rotor blades, laptop cases, and floodlights.
The company markets its products through trading houses and distributors.
It operates in Europe, the Middle East, Africa, Latin America, the United States, Canada, and the People's Republic of China.
The company was founded in 1863 and is headquartered in Leverkusen, Germany.

Country | DE |
IPO Date | Mar 22, 2016 |
Industry | Chemicals - Specialty |
Sector | Basic Materials |
Employees | 17,503 |
CEO | Dr. Markus Steilemann Ph.D. |
Contact Details
Address: Kaiser-Wilhelm-Allee 60 Leverkusen, DE | |
Website | https://www.covestro.com |
Stock Details
Ticker Symbol | COVTY |
Exchange | PNK |
Fiscal Year | January - December |
Reporting Currency | USD |
CIK Code | n/a |
CUSIP Number | 22304D207 |
ISIN Number | US22304D2071 |
Employer ID | - |
SIC Code | n/a |
Key Executives
Name | Position |
---|---|
Dr. Markus Steilemann Ph.D. | Chief Executive Officer & Chairman of Management Board |
Christian Baier | Chief Financial Officer & Member of Management Board |
Dr. Thorsten Dreier | Chief Technology Officer & Member of Management Board |
Carsten Intveen | Investor Relations Director |
Nils Janus | Head of Artificial Intelligence |
Ronald Koehler | Head of Investor Relations & Corporate Controlling |
Sophie von Saldern | Global Head of Human Resources |
Sucheta Govil | Chief Commercial Officer & Member of Management Board |
Uwe Arndt | Head of MDI Site |