Covestro - Statistics & Facts

Published by M. Garside, Mar 4, 2019
Covestro LLC is a German-based manufacturer of high-tech polymers that was spun out of the material science division of Bayer AG in a 11.9 billion 2015 sale. It is one of the leading polyether polyol producers in the world, with total assets valued at over 11 billion euros. The company also currently accounts for around 30 percent of the polycarbonate production capacity worldwide.

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, as well as coatings, adhesives and specialty chemicals. In 2016, its Covestro's Coatings, Adhesives, Specialties segment accounted for an 18 percent share of the global market for PC films.

The company’s three main segments serve the automotive, electrical and electronics, construction and home products, as well as the sports and leisure industries. In 2018, the company's revenue amounted to 14.6 billion euros. For that same year, the number of employees working for Covestro stood at 16,770. 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 polyurethanes were used in making the 2014 official FIFA World Cup soccer ball. The company’s North American headquarters is currently situated in Pittsburgh, PA.

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