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Price
Target price
€48.11

€48.11

0.460%
0.22
0.460%
€54.50
 
26.04.24 / Tradegate WKN: 606214 / Name: Covestro / Stock / Chemicals / Large Cap /
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Description Covestro

Covestro AG is a German multinational company that produces high-performance polymers and advanced materials. It was previously known as Bayer MaterialScience before being spun off as a separate entity in 2015. Covestro operates in three main business segments: Polyurethanes, Polycarbonates, and Coatings, Adhesives Specialties.

Their products are used in various industries including automotive, construction, electronics, furniture, and sports equipment. Covestro's focus on sustainability is reflected in their development of eco-friendly products such as waterborne polyurethane coatings, and bio-based raw materials for plastics production.

Covestro is listed on the Frankfurt Stock Exchange and is also part of the MDAX index, which tracks the performance of mid-cap German companies. The company has a global presence with manufacturing sites and sales offices in Europe, Asia, and the Americas.

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Competitors of Covestro

Covestro is a globally leading supplier of high-tech polymer materials for various industries, such as automotive, construction, and electronics. Its main competitors include:

1. BASF SE: The German multinational chemical company is a major competitor for Covestro due to its diverse range of products, including high-tech plastics, catalysts, and coatings.

2. Dow Chemical Company: As one of the world's largest chemical companies, Dow Chemical competes with Covestro in the production of high-performance materials and products for various industries.

3. DuPont de Nemours, Inc.: DuPont provides a variety of high-performance materials, such as engineering polymers, specialty resins, and films, which compete with Covestro's products.

4. LG Chem Ltd.: The South Korean company is a major player in the production of advanced materials, including polycarbonates, polyurethanes, and high-performance plastics, which compete with Covestro.

5. Mitsubishi Chemical Corporation: The Japanese multinational chemical company produces a variety of high-performance products, such as engineering plastics, resins, and films, that compete with Covestro's product portfolio.

Overall, Covestro faces stiff competition from well-established and diversified companies in the global market, who constantly strive to innovate and improve products to meet the growing demand of various industries.

Financial data and news for Covestro

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