General presentation of Covestro
Let's take a few moments to discover a quick presentation of the Covestro group:
The Covestro Group is a German chemical company and one of the world's leading manufacturers of polymeric materials. The products sold by the group are mainly intended for the automotive, construction, electronics, furniture and textile industries.
To better understand the group's activities, they can be divided into different business segments according to the share of turnover they generate, as follows:
- Polyurethanes alone account for nearly 46.5% of the company's sales, with flexible polyurethane foam used to make furniture, mattress and car seat covers and rigid polyurethane foams used in the composition of insulation for buildings or refrigeration equipment.
- Polycarbonates account for 28% of the company's sales, with high performance polycarbonates used in automotive components, roofing structures and medical devices.
- Finally, specialty products generate 19.1% of the group's turnover with raw materials for coatings, adhesives and films.
- Finally, the remaining 6.4% of the company's turnover comes from related activities.
Currently, the Covestro Group operates and owns about 33 production sites worldwide.
It is also interesting to know the geographical distribution of the group's income, which only generates 12.5% of its turnover in Germany. The remainder comes from Europe Middle East Africa and Latin America (30.1%), China (19.8%), Asia Pacific (12.3%), the USA (21%) and the rest of the world (4.3%).
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