Durability + Design
Follow us on Twitter Follow us on LinkedIn Like us on Facebook Follow us on Instagram Visit the TPC Store
Search the site


D+D News

Main News Page

Covestro Celebrates Transition

Friday, September 2, 2016

More items for Coatings Technology

Comment | More

North America's largest producer of raw materials for polyurethanes is celebrating its first anniversary.

The company, Covestro, has demonstrated rapid development over the past 12 months, according to an announcement made Thursday (Sept. 1).

Images: Covestro

The suburban Pittsburgh campus serves as Covestro’s North American headquarters, employing approximately 700 people.

The former Bayer MaterialScience business unit changed its moniker and officially separated from the Bayer Group on Sept. 1, 2015. At that time, the company explained the meaning behind its name selection: "Co" as in collaboration; "vest" as in well invested in state-of-the-art manufacturing facilities; and "stro" as in strong.

Soon thereafter Covestro established itself on the international capital market with the largest stock market flotation in Germany since 2000, according to the release.

Rapid Development

With a doubled share price and increasing operating results each quarter, the independent company has “developed to the great satisfaction of its customers, investors and other stakeholders,” said global CEO Patrick Thomas.


The company has approximately 15,800 employees worldwide.

“We have completed a complex transformation and shown what we are capable of achieving. We are very proud of that,” he added.

Marking its anniversary, the company has new environmental and economic targets it wants to achieve by 2025, and reports it has many new products and technologies in the works.

Globally, Covestro has 30 production sites and employs approximately 15,800 people. Covestro has operations in 11 locations across the United States and Mexico. 

The company manufactures high-tech polymer materials and develops innovative solutions for products used in many segments, including construction, automotive, medical, electrical, and sports and leisure.


Tagged categories: Bayer MaterialScience; Coating chemistry; Coatings raw materials manufacturers; Covestro; Raw materials

Comment Join the Conversation:

Sign in to our community to add your comments.


Technology Publishing Co., 1501 Reedsdale Street, Suite 2008, Pittsburgh, PA 15233

TEL 1-412-431-8300  • FAX  1-412-431-5428  •  EMAIL webmaster@durabilityanddesign.com

The Technology Publishing Network

Durability + Design PaintSquare the Journal of Protective Coatings & Linings Paint BidTracker


© Copyright 2012-2019, Technology Publishing Co., All rights reserved