Covestro AG, trading as COVTY on the OTC Markets, is a leading global manufacturer of high‐performance polymer materials. Established in 2015 as a spin‐off from Bayer’s MaterialsScience division, the company combines decades of chemical expertise with a strategic focus on innovation. Covestro’s product portfolio centers on polyurethanes, polycarbonates and specialty coatings, adhesives, sealants and elastomers, all of which are employed in demanding applications across multiple industries.
The company’s main business activities span three core segments: Polyurethanes, which are used in insulation panels, footwear, mattresses and automotive interiors; Polycarbonates, favored for lightweight, durable components in electronics, automotive parts and optical media; and Coatings, Adhesives, Specialties, which serve the construction, wood processing, automotive refinish and textile sectors. Through tailored formulations and a strong research and development infrastructure, Covestro addresses customer needs ranging from energy efficiency and weight reduction to enhanced durability and aesthetics.
Covestro maintains a comprehensive global footprint, operating production sites in Europe, Asia and the Americas. Key manufacturing locations include Germany, Belgium, the United States and China, enabling the company to serve regional markets with agile supply chains and localized technical support. Covestro also pursues partnerships with OEMs and research institutions to advance bio‐based feedstocks, recycling technologies and digital process optimization, reinforcing its commitment to circular economy principles and sustainable growth.
Under the leadership of Chief Executive Officer Dr. Markus Steilemann, who has helmed the company since 2018, Covestro continues to expand its innovation pipeline and strengthen customer collaboration. The management team prioritizes decarbonization, digitalization and product stewardship, building on a corporate culture that values transparency, safety and social responsibility. As industries worldwide seek high‐performance materials for cleaner, smarter and more efficient products, Covestro stands at the forefront of polymer technology development.
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