Company DescriptionCovestro AG supplies high-tech polymer materials and related application solutions. It operates in two segments, Performance Materials, and Solutions & Specialties. The Performance Materials segment develops, produces, and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins for use in furniture and wood processing, construction, automotive, and transportation industries, as well as roof structures, insulation for buildings and refrigerators, mattresses, car seats, and other applications. The Solutions & Specialties segment comprises a range of polymer products, including precursors for coatings and adhesives, polycarbonates, MDI specialties and polyols, specialty films, elastomers, and thermoplastic polyurethanes that are used in automotive and transportation, electrical, electronics and household appliances, construction, and healthcare industries, as well as composite resins for wind turbine, rotor blades, laptop cases, and floodlights. The company markets its products through trading houses and distributors. It operates in Europe, the Middle East, Africa, Latin America, the United States, Canada, and the People's Republic of China. The company was founded in 1863 and is headquartered in Leverkusen, Germany.
How the Company Makes MoneyCovestro makes money by producing and selling high-performance polymer materials that are essential to various manufacturing and industrial processes. The company generates revenue through its three main business segments. The Polyurethanes segment produces raw materials for foams used in mattresses, furniture, and automotive seating. The Polycarbonates segment provides durable and lightweight plastics used in automotive components, electronic devices, and medical equipment. The Coatings, Adhesives, and Specialties segment offers products for surface protection and bonding solutions. Covestro's revenue streams are bolstered by its focus on innovation, sustainability, and strong customer relationships, which help secure long-term supply contracts and partnerships with key players across multiple industries.