We produce real solutions for the real world. We are driven by the desire to grow. But we want to do it our way – with smart technologies and products we’re proud of, products that make our world better and benefit our society and the environment. Where others see limitations, we see opportunities. We welcome a challenge – the more complex and diverse, the better. “Been there, done that” doesn’t work for us. We value our relationships with our customers and employees – they’re what keeps us motivated to change continuously and to make the world a brighter place. Our promise: we will never settle down.
Covestro ranks among the world’s leading manufacturers of premium polymers. The company’s products and application solutions are found in nearly every area of modern life. Innovation and sustainability are the driving forces behind the organization’s continuous development of its products, processes and facilities.
Covestro employed a workforce of 15,800 in 2015 and generated sales of EUR 12.1 billion. The company is present around the globe, operating 30 sites in Europe, Asia and the Americas, eight of them being world-scale production facilities with annual capacities exceeding 100,000 metric tons. It also maintains dozens of smaller and specialized technical centers that are close to customers and can therefore offer individual support and tailored solutions.
To ensure our competitiveness long-term, modern production plants were built and the latest technologies introduced in recent years as part of an extensive capital expenditure program. A total of EUR 3 billion were invested at the Shanghai site in China alone. At the site Dormagen, Germany, Covestro spent EUR 250 million in 2014 to build a plant that produces the foam component TDI. The facility is equipped with high-efficiency technology, developed in-house, that reduces consumption of both energy and solvent. Thanks to equipment of this kind, the company’s production operations are particularly efficient.
Innovation and sustainability as driving forcesIn line with its purpose – To make the world a brighter place – Covestro is working on sustainable solutions to the greatest challenges of our age, such as climate change, resource depletion, population growth and urbanization. The company serves these global trends and the associated major industries, such as the automotive, construction, wood processing and furniture, sports and leisure, and electrical and electronics industries. The demand for premium plastics in these sectors is expected to show continued growth in coming years.
Leading positions in the three segmentsIn its largest segment, Polyurethanes, the company is the global leader in the development, production and marketing of polyols and isocyanates, components in rigid and flexible foams. These polyurethanes are found in a variety of everyday applications, such as mattresses and automobile seats, or as rigid foam in insulation for refrigerators and buildings.
Covestro is also the leader in the development and production of polycarbonates. Lightweight, durable and freely formable, this premium plastic combines a variety of good properties and is found in numerous industries and common objects, such as laptops, smartphones, medical devices, automotive parts and stadium roofs. Covestro markets the material through its Polycarbonates unit in the form of granules, semi-finished products or blends with other plastics.
In its third segment, Coatings, Adhesives Specialties (CAS), Covestro is the world’s leading supplier of raw materials for premium coatings, adhesives, sealants and specialty chemicals. They protect and enhance the surfaces of cars, furniture and flooring, and support applications in the sports and leisure, cosmetic, textile and medical products industries. They give an end product that special, final touch.
Covestro has been an independent company listed on the stock exchange since fall 2015. As Bayer MaterialScience, the company previously was a member of the Bayer Group, which still holds 64 percent of shares. Bayer today is a purely life sciences company focusing on human and veterinary drugs, as well as seed and crop protection.
The world is changing rapidly and has tremendous challenges to master. Covestro is helping along the way with technologies and products that benefit society, lessen impacts on the environment and turn a profit. By these means, the company wants to push boundaries and make the world a brighter place. All its activities are founded on its three corporate values: curious, courageous and colorful.
Climate change, rising mobility, global population growth and increasing urbanization: Global trends such as these are tremendous challenges. But Covestro refuses to be daunted and sees them instead as an opportunity to further push the boundaries of possibility.
A powerful vision
Heading into the future, the company is guided by a simple and powerful vision: It wants to make the world a brighter place. The company fulfills this purpose by developing premium polymer materials, promoting innovation and providing sustainable products, technologies and products that benefit society, help preserve the products that benefit society and reduce impact on the environment and create value, in line with the sustainability principle: “People, Planet, Profit.”
To fulfill its purpose, Covestro needs a corporate culture that requires and promotes innovation and responsible care. The company therefore is committed to three values that reflect this mindset and approach, and serve as a guide for all people within the organization:
Curious: We are open to new ideas and hungry for progress. We constantly search for improvements. Curiosity prompts us to listen closely and offer solutions that are creative, need-based and unexpected.
Courageous: We have an eye on the future, and recognize opportunities where others see limitations. Where others ask “Why?”, we reply “Why not?” Our knowledge and experience enable us to push existing boundaries.
Colorful: In the often gray corporate world, we stand for colorful diversity, optimism and creativity. We know that different points of view help to solve problems innovatively.
No matter what stage of your career you are currently in, if you are passionate about bringing innovative materials to life, Covestro offers you an exciting range of careers at the forefront of scientific innovation.
Discover Covestro now! Here you can explore your personal development opportunities. Find out what makes Covestro a truly unique employer.
I have been working at Covestro full-time (Less than a year)
Empowered and trusted
Compensation and benefits
Can be complex, but that should change as we continue to evolve as Covestro.
Advice to Management
Continue to show appreciation to your people.
I talked to the representative during my schools career fair. Was then selected for a face to face interview the next day. I met with the recruiter for my school and an engineer. Interview went good with many behavioral questions. The entire process also included a second round of interviews at the location and a plant tour.
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