INDUSTRY IN THE SPOTLIGHT - C O V E S T R O
CELEBRATESOVER 80 YEARS’ EXPERIENCE
Covestro is celebrating the fact that it has been stan-
dingon itsown two feet forayearnow. Following the
official separation from theBayerGrouponSeptember
1
st
, 2015, the formerBayerMaterialScienceestablished
itself in the international capital market with the lar-
gest stockmarket flotation inGermany in thepastone
andahalf decade. “Over thepast 12months,wehave
completed complex transformation processes and
shownwhatwe are capable of.We are very proudof
that,”saidCEOPatrickThomas. “Covestrohasdevelo-
ped to thegreatsatisfactionof itscustomers, investors
and other stakeholders. Our economic performance,
in particular, has been convincing from the outset,
andwe look forward to continued profitable growth
in the future.”
Thomas is also pleased that Covestro employees all
around theworld are living thenew corporate values
with such enthusiasm. “We are curious, courageous
and colorful. That isour foundation for providingpro-
ducts, technologiesandsolutionsthatpushboundaries
andmake theworld abrighter place.”
To that end, the company is focusing even more in-
tentlyon innovation. Besides traditional researchand
development, Covestro gives all its employees the
freedom toexpress their creativity in their respective
fields.
At the same time, Covestro is increasingly anchoring
sustainabilityatevery level. Theobjective is toconser-
ve theenvironment, advance societyand, at the same
time, createeconomic value. The companyhas there-
fore set itself a series of challenging andmeasurable
targets theywant to achieveby 2025. For example, it
plans tohalve itsgreenhousegasemissionspermetric
tonof product produced relative to 2005.
The company is also breaking new ground when it
comes to carbondioxide. In 2016, Covestrobrought a
new plant on stream at its Dormagen, Germany site,
in which the climate killer is being used for the first
time as a rawmaterial. ACO
2
-basedprecursor for the
production of polyurethane foam formattresses and
upholstered furniturewill soonmake itsmarketdebut.
