Covestro AG (11COV)

Profile

https://www.covestro.com

Covestro AG is a leading global manufacturer of high-tech polymer materials, specializing in polyurethanes, polycarbonates, and related specialty chemicals. Headquartered in Leverkusen, Germany, the company develops and produces raw materials such as isocyanates, polyols, thermoplastic polyurethanes, and impact-resistant plastics like Makrolon, serving diverse industries including automotive, construction, electrical and electronics, furniture, healthcare, and sports and leisure. Its products enable applications in thermal insulation, coatings, adhesives, electric vehicle batteries, solar panel frames, and consumer goods like footwear and mattresses. Operating through two main segments—Performance Materials and Solutions & Specialties—Covestro emphasizes innovation, sustainability, and circular economy principles, aiming for climate neutrality by 2035 and full circularity with 100% alternative raw materials. With around 17,500 employees and production at 46 sites worldwide, it drives the transformation toward eco-friendly materials, including renewable feedstocks and recycling technologies. Acquired by Abu Dhabi National Oil Company's subsidiary XRG in December 2025, Covestro continues to shape the polymer industry's sustainable future.