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Covestro - statistics & facts

Covestro LLC is a manufacturer of premium, high-tech polymers, based in Leverkusen Germany. The company’s North American headquarters is situated in Pittsburgh, Pennsylvania. It was spun out of the material science division of Bayer AG in 2015 in a 11.9 billion euro sale. It is the world's leading producer of aliphatic isocyanate derivatives, polyurethane dispersions, and toluene diisocyanate, in addition to being among the top five producers of several other polymers. Covestro's sales revenue amounted to 11 billion euros in 2020.

Covestro: a brief overview

The company’s name denotes: collaboration (CO), invested (VEST) and strong (STRO). Covestro is comprised of three main segments, which are separated as follows: Polyurethanes and its derivatives, Polycarbonates, and Coatings, Adhesives and Specialty Chemicals. The company's Polyurethanes segment is the highest earning segment, with sales revenue of 5.02 billion euros in 2020. That amounted to a 47 percent share of the company's revenue.

Covestro’s three segments serve the automotive, electrical and electronics, construction and home products, as well as the sports and leisure industries. As of year end 2020, the number of employees working for Covestro stood at 16,736. The company’s component product materials are found in mattresses, footwear, laptops, building and refrigeration insulation, automotive headlamps, car seats, and in several polycarbonates.

Covestro to become fully circular

In 2020, Covestro began its new sustainability strategy, including the plan to transition to being fossil fuel-free. With the first alternative feedstock already sourced, and the adoption of energy-efficient technologies, the company has already made noteworthy progress. Covestro also secured the world's largest corporate supply contract for offshore wind energy with the Danish wind energy company Ørsted.

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Covestro

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Covestro - statistics & facts

Covestro LLC is a manufacturer of premium, high-tech polymers, based in Leverkusen Germany. The company’s North American headquarters is situated in Pittsburgh, Pennsylvania. It was spun out of the material science division of Bayer AG in 2015 in a 11.9 billion euro sale. It is the world's leading producer of aliphatic isocyanate derivatives, polyurethane dispersions, and toluene diisocyanate, in addition to being among the top five producers of several other polymers. Covestro's sales revenue amounted to 11 billion euros in 2020.

Covestro: a brief overview

The company’s name denotes: collaboration (CO), invested (VEST) and strong (STRO). Covestro is comprised of three main segments, which are separated as follows: Polyurethanes and its derivatives, Polycarbonates, and Coatings, Adhesives and Specialty Chemicals. The company's Polyurethanes segment is the highest earning segment, with sales revenue of 5.02 billion euros in 2020. That amounted to a 47 percent share of the company's revenue.

Covestro’s three segments serve the automotive, electrical and electronics, construction and home products, as well as the sports and leisure industries. As of year end 2020, the number of employees working for Covestro stood at 16,736. The company’s component product materials are found in mattresses, footwear, laptops, building and refrigeration insulation, automotive headlamps, car seats, and in several polycarbonates.

Covestro to become fully circular

In 2020, Covestro began its new sustainability strategy, including the plan to transition to being fossil fuel-free. With the first alternative feedstock already sourced, and the adoption of energy-efficient technologies, the company has already made noteworthy progress. Covestro also secured the world's largest corporate supply contract for offshore wind energy with the Danish wind energy company Ørsted.

Interesting statistics

In the following 5 chapters, you will quickly find the {amountStatistics} most important statistics relating to "Covestro".

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