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Covestro
AddedFeb 15, 2024
UpdatedJun 28, 2026
Covestro

Covestro

Public

Covestro AG: A leading manufacturer and distributor of polymers, high-performance plastics, and industrial coatings.

HQ
Leverkusen, North Rhine-Westphalia, DE
Founded
2015
Overview
Compare
Fundraising
Employees
Website

Founded on September 1, 2015, Covestro AG is a leading manufacturer and distributor of polymers and high-performance plastics, headquartered in Leverkusen, North Rhine-Westphalia, Germany. Emerging from Bayer MaterialScience, Covestro's core mission is to drive innovation and sustainability in the chemicals and materials industry. The company offers a wide range of products including coatings, adhesives, insulating materials, sealants, polycarbonates, and polyurethanes, catering to sectors like automotive, construction, health, electronics, and medical engineering.

Notable figures associated with Covestro include CEO Markus Steilemann. The company is publicly traded on the Frankfurt Stock Exchange under the ticker symbol FWB: 1COV and is a component of the DAX index. In 2022, Covestro reported revenues of €18.0 billion. Key achievements include pioneering sustainable initiatives such as bio-based aniline production and striving for complete climate neutrality. With nearly 18,000 employees, Covestro significantly impacts the global materials market through its commitment to innovation and sustainability.

Covestro - Quick Facts

When was Covestro founded?

Covestro was founded in 2015.

Where is Covestro's headquarters located?

Covestro's headquarters is located in Leverkusen, North Rhine-Westphalia, DE.

When was Covestro's last funding round?

Covestro's most recent funding round was for $1B (USD) in September 2017.

How much has Covestro raised to-date?

As of Sep 29, 2017, Covestro has raised a total of $1B (USD).

How many employees does Covestro have?

Covestro has 17,985 employees as of Feb 6, 2024.

Covestro - Classification

Industry
  • Retail
Ownership
  • Public
Technology
  • Manufacturing
Geographic Exposure
  • Global
Revenue
  • Transactional
Customer
  • Enterprise
Main Product
  • Chemicals
  • Plastics
Tags
  • Manufacturing
NAICS
  • 320000Manufacturing
  • 325000Chemical Manufacturing
SIC
  • 2890Miscellaneous Chemical Products
  • 2899Chemicals And Chemical Preparations, Not Elsewhere Classified
  • 2800Chemicals And Allied Products
ISIC
  • 2013Manufacture of plastics and synthetic rubber in primary forms
  • 3510Electric power generation, transmission and distribution
Show 17 more industry codes
NAICS
  • 220000Utilities
  • 221000Utilities
  • 221200Natural Gas Distribution
  • 221210Natural Gas Distribution
  • 325100Basic Chemical Manufacturing
  • 325110Petrochemical Manufacturing
SIC
  • 2860Industrial Organic Chemicals
  • 2869Industrial Organic Chemicals, Not Elsewhere Classified
  • 4900Electric, Gas, And Sanitary Services
  • 4920Gas Production And Distribution
  • 4923Natural Gas Transmission and Distribution
  • 4924Natural Gas Distribution
  • 4925Mixed, Manufactured, Or Liquefied Petroleum Gas Production
  • 4930Combination Electric And Gas, And Other Utility Services
  • 4931Electric And Other Services Combined
  • 4932Gas And Other Services Combined
  • 4939Combination Utilities, Not Elsewhere Classified