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Covestro's Overview

Total employees10512
HeadquartersLeverkusen
Founded2015

Covestro is one of the world’s leading manufacturers of high-quality polymer materials and their components. With a strong focus on innovation and sustainability, the company develops solutions for key sectors such as automotive and transportation, construction, electrical and electronics, furniture and wood processing, sports and leisure, and healthcare. Covestro aims to be fully circular and is committed to developing materials and technologies that reduce environmental impact and address global challenges. Their product portfolio includes polycarbonates, polyurethanes, and coatings, adhesives, and specialties.

Where is Covestro's Headquarters?

HQ Function

The headquarters serves as the central hub for Covestro's global operations, including strategic management, corporate governance, research and development leadership, finance, and global communications.

Notable Features:

Located within CHEMPARK Leverkusen, one of Europe's largest chemical parks, the headquarters benefits from extensive infrastructure and a collaborative industrial environment. The campus features modern office buildings and advanced research facilities.

Work Culture:

Covestro fosters a work culture centered around its core values: Curious, Courageous, Colorful. It emphasizes innovation, sustainability, collaboration, diversity, and a strong commitment to safety and employee well-being. The 'We are 1' principle promotes a unified global team.

HQ Significance:

The Leverkusen headquarters is pivotal for driving Covestro's global strategy, innovation pipeline, and sustainability initiatives. Its location in a major European chemical hub provides strategic advantages in talent, research, and logistics.

Values Reflected in HQ: The headquarters' focus on cutting-edge R&D labs reflects 'Curious' and 'Innovation'. Its commitment to eco-friendly practices and sustainable solutions mirrors 'Sustainability'. The collaborative spaces and international workforce embody 'Colorful' and 'Collaboration'.

Location:

Covestro maintains a robust global presence with approximately 48 production sites strategically located across Europe, Asia, and the Americas. This network is further supported by numerous regional competence centers, technical laboratories, and sales offices. Globally, Covestro supports functions including advanced material manufacturing, cutting-edge research and development, localized technical customer support, sales and marketing operations, and regional administrative services. This extensive footprint enables Covestro to serve diverse industries worldwide—including automotive, construction, electronics, and healthcare—by delivering innovative and sustainable polymer solutions close to its customers.

Street Address:

Kaiser-Wilhelm-Allee 60

City:

Leverkusen

State/Province:

North Rhine-Westphalia

Country:

Germany

Covestro's Global Presence

Shanghai, China

Address: Covestro Polymers (China) Co., Ltd., Covestro Integrated Site Shanghai, 82 Muhua Road, Shanghai Chemical Industry Park, Caojing, Shanghai 201507, P.R. China

Acts as a crucial hub for innovation, production, and customer engagement in the rapidly growing Asian markets, tailoring solutions to meet specific regional demands and driving sustainable practices.

Pittsburgh, Pennsylvania, USA

Address: 1 Covestro Circle, Pittsburgh, PA 15205, USA

Drives Covestro's business strategy and operations in North America, focusing on market development, customer collaboration, and providing innovative material solutions to industries such as automotive, construction, and consumer goods.

Map Ta Phut, Thailand

Address: Covestro (Thailand) Co., Ltd., Hemaraj Eastern Industrial Estate (Map Ta Phut), No. B02, B04, B05 Pakorn Songkาะraorat Road, Rayong 21150, Thailand

Strengthens Covestro's manufacturing footprint in Southeast Asia, ensuring reliable supply and technical support to customers in the region and contributing to the company's global production network.

Buying Intent Signals for Covestro

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Executive Team of Covestro

As of April 2025, Covestro' leadership includes:

Dr. Markus Steilemann - Chief Executive Officer (CEO)
Christian Baier - Chief Financial Officer (CFO)
Dr. Thorsten Dreier - Chief Technology Officer (CTO) and Labor Director

Investors of Covestro

Covestro has been backed by several prominent investors over the years, including:

Covestro AG is a publicly traded company on the Frankfurt Stock Exchange (DAX index).
BlackRock, Inc. (Significant Institutional Investor)
The Vanguard Group, Inc. (Significant Institutional Investor)
Various other institutional and retail investors.

Executive New Hires/Exits in the Last 12 Months

Hire1
Exits1

Over the past 12 months, Covestro's Board of Management experienced a key transition with Christian Baier assuming the role of CFO, succeeding Dr. Thomas Toepfer. Additionally, it was announced that Sucheta Govil, Chief Commercial Officer, will depart in mid-2024, leading to a planned restructuring of the board to three members.

Departures

Dr. Thomas Toepfer, Dr. Thomas Toepfer departed from his role as Chief Financial Officer to pursue new opportunities.

New Appointments:

Christian Baier, Christian Baier was appointed as the new Chief Financial Officer, bringing extensive experience in finance and management to Covestro.

Technology (Tech Stack) used by Covestro

Discover the tools Covestro uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

Covestro Email Formats and Examples

Covestro primarily utilizes a standard email format for its employees, which typically combines the employee's first and last name. This structure is common for large international corporations and facilitates straightforward communication.

firstname.lastname@covestro.com

Format

markus.steilemann@covestro.com

Example

90%

Success rate

News and media

Covestro Press ReleaseMay 7, 2024

Covestro news title: Covestro confirms guidance for full year 2024 despite subdued start to the year

Covestro announced its Q1 2024 financial results, acknowledging a challenging economic climate but reaffirming its full-year guidance. The company emphasized its ongoing commitment to innovation and sustainability initiatives to navigate market conditions....more

Covestro Press ReleaseApril 25, 2024

Covestro news title: Covestro advances circular economy with new recycling technologies

Covestro highlighted its progress in developing and implementing new chemical recycling technologies for polyurethanes and polycarbonates. These innovations underscore the company's strategic focus on achieving a circular economy and reducing plastic waste....more

Covestro Press ReleaseMarch 5, 2024

Covestro news title: Covestro navigates challenging year 2023 and consistently implements its strategy

Covestro published its Annual Report for 2023, detailing its performance in a difficult market environment. The report outlined the company's resilience and continued strategic implementation focused on sustainable growth and circular solutions....more

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