Covestro AG is a German company producing

polyurethane Polyurethane (; often abbreviated PUR and PU) is a class of polymers composed of organic chemistry, organic units joined by carbamate (urethane) links. In contrast to other common polymers such as polyethylene and polystyrene, polyurethane term ...

and

polycarbonate Polycarbonates (PC) are a group of thermoplastic polymers containing carbonate ester, carbonate groups in their chemical structures. Polycarbonates used in engineering are strong, toughness, tough materials, and some grades are optically transp ...

raw materials. Products include isocyanates and polyols for cellular foams,

thermoplastic polyurethane Thermoplastic polyurethane (TPU) is any of the polyurethane polymers that are thermoplastic; that is, they become pliable when heated and harden when cooled. This is in contrast to most polyurethanes, which are thermosets, hardening irreversibly. ...

and polycarbonate pellets, as well as polyurethane based additives used in the formulation of coatings and adhesives. It is a

Bayer Bayer AG (English: , commonly pronounced ; ) is a German multinational pharmaceutical and biotechnology company and is one of the largest pharmaceutical companies and biomedical companies in the world. Headquartered in Leverkusen, Bayer' ...

spin-off formed in the fall of 2015 and was formerly called Bayer MaterialScience.Christopher Alessi for the Wall Street Journal. Sept. 1, 201
Bayer Separates Material Science Business Covestro
Covestro shares were first offered on the

Frankfurt Stock Exchange The Frankfurt Stock Exchange (, former German name: , ''FWB'') is the world's 3rd oldest and 12th largest stock exchange by market capitalization. It has operations from 8:00 am to 10:00 pm ( German time). Organisation Located in Frankfurt, ...

in October 2015. Bayer sold its entire remaining stake in May 2018, Bayer's pension fund had a 6.8% stake managed separately. On October 1st 2024,

Abu Dhabi National Oil Company The Abu Dhabi National Oil Company (), known by its acronym ADNOC, is the state-owned Petroleum industry, oil company of Abu Dhabi, United Arab Emirates. It is the world's 12th largest oil company by production. As of 2021, the company has an oi ...

(ADNOC) announced a deal to buy Covestro for 14.7 billion euro. The main industries served are

automotive manufacturing The automotive industry comprises a wide range of company, companies and organizations involved in the design, Business development, development, manufacturing, marketing, selling, Maintenance, repairing, and Custom car, modification of motor ve ...

and supply, electrical engineering and electronics,

construction Construction are processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their life. It typically starts with planning, financing, and design that continues until the a ...

and home products, and sports and leisure. Their products include

coating A coating is a covering that is applied to the surface of an object, or substrate. The purpose of applying the coating may be decorative, functional, or both. Coatings may be applied as liquids, gases or solids e.g. powder coatings. Paints ...

s and

adhesives Adhesive, also known as glue, cement, mucilage, or paste, is any non-metallic substance applied to one or both surfaces of two separate items that binds them together and resists their separation. The use of adhesives offers certain advantage ...

polyurethanes Polyurethane (; often abbreviated PUR and PU) is a class of polymers composed of organic chemistry, organic units joined by carbamate (urethane) links. In contrast to other common polymers such as polyethylene and polystyrene, polyurethane term ...

that are used in

thermal insulation Thermal insulation is the reduction of heat transfer (i.e., the transfer of thermal energy between objects of differing temperature) between objects in thermal contact or in range of radiative influence. Thermal insulation can be achieved with s ...

, electrical housings, and as a component of

footwear Footwear refers to garments worn on the feet, which typically serve the purpose of protective clothing, protection against adversities of the environment such as wear from rough ground; stability on slippery ground; and temperature. *Shoes and si ...

and

mattress A mattress is a large, usually rectangular pad for supporting a person Lying (position), lying down, especially for sleeping. It is designed to be used as a bed, or on a bed frame as part of a bed. Mattresses may consist of a Quilting, quilted o ...

es, and

polycarbonates Polycarbonates (PC) are a group of thermoplastic polymers containing carbonate groups in their chemical structures. Polycarbonates used in engineering are strong, tough materials, and some grades are optically transparent. They are easily wor ...

such as Covestro's Makrolon, which are highly impact-resistant plastics. Covestro polyurethane was used in the 2014 official

FIFA World Cup The FIFA World Cup, often called the World Cup, is an international association football competition among the senior List of men's national association football teams, men's national teams of the members of the FIFA, Fédération Internatio ...

football. Before 2019, Covestro enjoyed rapid earnings growth following supply shortages of chemicals used in foams. In September 2023, Covestro announced that it was in talks with the

(ADNOC), which was interested in acquiring the company. On October 1, 2024, Covestro announced that it supported a takeover bid by ADNOC in the amount of €62 per share. The Abu Dhabi state-owned company would thus acquire Covestro for up to €16 billion. The acquisition is expected to be completed in the second half of 2025.

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* Chemical companies of Germany Chemical companies established in 2015 Companies based in North Rhine-Westphalia Companies listed on the Frankfurt Stock Exchange Corporate spin-offs Former Bayer subsidiaries German companies established in 2015 Materials science organizations 2015 initial public offerings {{Germany-company-stub

See also

References

External links