Covestro

GPTKB entity

Statements (86)
Predicate Object
gptkbp:instance_of gptkb:Company
gptkbp:acquisition Acquisition of DSM's Resins & Functional Materials business
Acquired by Bayer AG in 2015
gptkbp:awards Sustainability Award 2021
Sustainability awards
Innovation awards
Top Employer Europe 2021
German Innovation Award 2020
Responsible Care Award 2020
gptkbp:ceo gptkb:Markus_Steilemann
gptkbp:community_engagement Educational programs
Supports local communities
Volunteer initiatives
Employee volunteer programs
Support for education initiatives
Involvement in local community projects
gptkbp:employees 16,500 (2020)
gptkbp:environmental_impact Investments in renewable energy
Commitment to reducing carbon footprint
Waste reduction initiatives
Commitment to reducing CO2 emissions
Investment in renewable energy sources
gptkbp:financial_performance gptkb:public_company
Consistent dividend payments
Stable dividend policy
Stock market listing on DAX
Strong financial recovery post-COVID-19
Market capitalization of approximately €10 billion
Market capitalization over €10 billion
Strong financial growth since IPO
gptkbp:founded gptkb:2015
gptkbp:future_plans Expansion in Asia
Focus on digital transformation
Increase in production capacity
Investment in sustainable technologies
Increase in sustainable product offerings
Investment in new production facilities
Research into bio-based materials
gptkbp:governance gptkb:Board_of_Directors
Compliance programs
Committees for audit and risk management
gptkbp:headquarters gptkb:Leverkusen,_Germany
https://www.w3.org/2000/01/rdf-schema#label Covestro
gptkbp:industry Chemicals
gptkbp:innovation Focus on high-performance materials
gptkbp:market gptkb:Global_presence
Strong in Europe
Expanding in North America
Growing in Asia
gptkbp:market_position Global presence in over 30 countries
Growing market in Asia
North American operations
Strong position in Europe
gptkbp:net_income €1.1 billion (2020)
gptkbp:number_of_employees around 16,500
gptkbp:operating_income €1.5 billion (2020)
gptkbp:parent_company gptkb:Bayer_AG
gptkbp:partnerships Collaborations with universities
Sustainability initiatives with NGOs
Partnership with the World Wildlife Fund
Joint ventures in Asia
Partnership with the Ellen Mac Arthur Foundation
gptkbp:products Polyurethane
Polycarbonate
gptkbp:research_and_development Focus on sustainable materials
Innovation in polymer technology
Invests heavily in R& D
gptkbp:revenue €14.1 billion (2020)
gptkbp:social_responsibility Stakeholder engagement
Transparency in operations
Commitment to ethical business practices
gptkbp:stock_exchange gptkb:Frankfurt_Stock_Exchange
gptkbp:subsidiaries gptkb:Covestro_(Singapore)_Pte._Ltd.
gptkb:Covestro_LLC
gptkb:Covestro_(China)_Holding_Co.,_Ltd.
gptkb:Covestro_(India)_Pvt._Ltd.
gptkb:Covestro_(Thailand)_Co.,_Ltd.
gptkbp:sustainability Focus on circular economy
gptkbp:sustainability_initiatives Circular economy projects
Renewable energy sourcing
Carbon dioxide utilization technology
gptkbp:website www.covestro.com
gptkbp:bfsParent gptkb:Conti_Tech_Foam_Products
gptkb:Du_Pont
gptkb:Bayer
gptkbp:bfsLayer 5