Covestro AG is a German company producing polyurethane and polycarbonate raw materials.
[6] On October 1st 2024 it was announced that ADNOC has struck a deal to buy Covestro for 14.7 billion euro.
[7] The main industries served are automotive manufacturing and supply, electrical engineering and electronics, construction and home products, and sports and leisure.
Their products include coatings and adhesives, polyurethanes that are used in thermal insulation, electrical housings, and as a component of footwear and mattresses, and polycarbonates such as Covestro's Makrolon, which are highly impact-resistant plastics.
[8] Before 2019, Covestro enjoyed rapid earnings growth following supply shortages of chemicals used in foams.