Covestro: a brief overviewThe 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.