Covestro AG supplies high-tech polymer materials and application solutions. It operates in two segments, Performance Materials, and Solutions & Specialties. The Performance Materials segment develops, produces, and supplies high-performance materials, such as polyurethanes and polycarbonates, and base chemicals, which include diphenylmethane diisocyanate (MDI), toluylene diisocyanate, long-chain polyols, and polycarbonate resins for use in furniture and wood processing, construction, automotive, and transportation industries, as well as roof structures, insulation for buildings and refrigerators, mattresses, car seats, and other applications. The Solutions & Specialties segment comprises a range of polymer products, including polycarbonates, precursors for coatings and adhesives, MDI specialties and polyols, thermoplastic polyurethanes, specialty films, and elastomers that are used in automotive and transportation, electrical, electronics and household appliances, construction, and healthcare industries, as well as composite resins for solar panel frames, precursors for coatings and adhesives, specialty films, laptop cases, floodlights, and electric vehicle batteries. The company markets its products through trading houses and distributors. It operates in Europe, the Middle East, Africa, Latin America, the United States, Canada, and the People's Republic of China. The company was founded in 1863 and is headquartered in Leverkusen, Germany.
German Market Performance
7D7 Days: 1.7%
3M3 Months: 1.9%
1Y1 Year: 20.1%
YTDYear to Date: 6.9%
The market has climbed 1.7% in the last 7 days, lead by the Communication Services sector with a gain of 12%. In contrast, the Consumer Discretionary sector is lagging, dropping 4.4%. As for the past 12 months, the market is up 20%. As for the next few years, earnings are expected to grow by 16% per annum. Market details ›
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