
Covestro AG
COVTY | OTC
$33.07
-$0.56 (-1.67%)
At close: Oct 30, 2026, 3:58 PM ET
$33.45
+$0.38 (+1.15%)
After-hours:
Oct 30, 2026, 4:00 PM ET
Company Profile
Covestro AG, a German company established in Leverkusen in 1863, specializes in providing cutting-edge polymer materials along with associated application solutions. Its operations are structured into two principal divisions: 1. Performance Materials: This segment is dedicated to the creation, production, and supply of premium materials, including polyurethanes and polycarbonates. It also offers fundamental chemicals such as diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins. These substances are vital for various industries, including furniture manufacturing, wood processing, construction, and the automotive and transportation sectors. Their applications range from roof structures and insulation for buildings and refrigerators to mattresses and car seats. 2. Solutions & Specialties: This division encompasses a diverse portfolio of polymer products. These include precursors used in coatings and adhesives, specialized polycarbonates, MDI derivatives, various polyols, unique films, elastomers, and thermoplastic polyurethanes. These materials cater to demanding industries like automotive, transportation, electrical, electronics, household appliances, construction, and healthcare. Furthermore, they are incorporated into composite resins for items such as wind turbine rotor blades, laptop casings, and floodlights. Covestro distributes its products globally via trading houses and a network of distributors. The company maintains a significant presence across Europe, the Middle East, Africa, Latin America, the United States, Canada, and the People's Republic of China.
Key Executives
| Name | Position |
|---|---|
| Markus Steilemann | Chief Executive Officer & Chairman of Management Board |
| Christian Baier | Chief Financial Officer & Member of Management Board |
| Carsten Intveen | Investor Relations Director |
| Monique Buch | Chief Commercial Officer & Member of Management Board |
| Nils Janus | Head of Artificial Intelligence |
| Ronald Koehler | Head of Investor Relations & Corporate Controlling |
| Sophie von Saldern | Global Head of Human Resources |
| Thorsten Dreier | CTO, Labor Director & Member of Management Board |
| Uwe Arndt | Head of MDI Site |
Covestro AG

| Country | Germany |
| IPO Date | Mar 22, 2016 |
| Industry | Chemicals - Specialty |
| Sector | Basic Materials |
| Employees | 17,598 |
| CEO | Markus Steilemann |
Contact Details
Kaiser-Wilhelm-Allee 60 Leverkusen,
NW 51373 Germany
Stock Details
| Ticker Symbol | COVTY |
| Exchange | OTC |
| Fiscal Year | n/a |
| Reporting Currency | USD |
| CIK Code | n/a |
| CUSIP Number | 22304D207 |
| ISIN Number | US22304D2071 |
| SIC Code | n/a |
Add to Watchlist
Select watchlists to add or remove COVTY