Covestro AG

Covestro AG

Covestro AG

Overview
Date Founded

2015

Headquarters

Kaiser-Wilhelm-Allee 60,Leverkusen, Nordrhein-Westfalen 51373

Type of Company

Public

Employees (Worldwide)

17.3K

Industries

Plastics & Synthetics
Chemicals
Wholesale: Raw Materials

Company Description

Covestro AG manufactures and supplies polymers. It operates through the following segments: Polyurethanes; Polycarbonates; and Coatings, Adhesives, and Specialties. The Polyurethanes segment refers to the development, manufacture, and sale of precursors for polyurethanes which are isocyanates and polyether polyols used primarily in the furniture and automotive industries. The Polycarbonates segment develops, produces and markets plastic polycarbonate in the form of granules and semi finished products for automotive industry. The Coatings, Adhesives, and Specialties segment is responsible for the development and production of coatings, adhesives, sealants as well as specialties primarily for polyurethane systems. The company was founded in 1863 and is headquartered in Leverkusen, Germany.

Website
Contact Data
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Executives & Employees

Chief Executive Officer

Chief Financial Officer

Chief Technology Officer

Chief Commercial Officer

Global Head-Communications & Public Affairs

Head, Polycarbonates Segment

Head-Customer & Product Management

Head of Investor Relations

In-House Counsel

In-House Counsel

Supervisory Board

Director, Strategic Relations at Bayer Corporation

Vice Chairman-Supervisory Board at Covestro AG

Chairman & Chief Executive Officer at Falco Enterprises AG

Former Senior Partner at KPMG International Coop.

Chief Financial Officer at ThyssenKrupp AG

Managing Director at Regierungskommission Deutscher Corporate Governance Kodex

Former Chief Human Resources Officer, Member of the Management Board at E.ON SE

Employee Representative at Henkel Pension

Member-Supervisory Board at Covestro AG

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Covestro AG
Owners & Shareholders
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AP1 is an active, risk-averse manager focused on long-term capital appreciation and meeting planned withdrawals. They seek to diversify and reduce sensitivity to unexpected events by distributing investments across a global portfolio consisting of equities, fixed-income securities, real estate, infrastructure, private equity funds and hedge funds. AP1 create the best possible return on these assets to achieve their target return of at least 4 percent in real terms (adjusted for inflation) over 10 years. They manage Swedish, European and American equities internally and utilize external managers for small-cap equities on developed markets, and on emerging markets in order to access local knowledge. Their global portfolio of fixed-income securities is founded on bonds with a high credit rating. However, there are higher yield bonds in the Fund's holdings. In addition to equities and fixed-income securities, AP1 also makes alternative investments such as real estate and infrastructure, both indirectly and through direct ownership. The firm's alternative investments, which are also global, include hedge funds, which balance out the risk of highly volatile equities, as well as private equity funds where investments are made in unlisted companies via external asset managers. AP1 are also active on the foreign exchange market.

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Allianz Global Investors (UK) is an active manager which conducts proprietary in-house quantitative research, aiming to deliver consistent performance through thoughtful and disciplined investment processes across a range of investment capabilities and styles.The firm's distinct and entrepreneurial investment teams bring deep knowledge of the markets in which they invest. They employ equity, fixed-income, alternative and multi-asset strategies across markets, from single country to global strategies and from thematic to sector portfolios.They complement their understanding of capital markets with an advanced approach to risk management, utilizing holistic risk assessment and risk management including exposure limits and market, liquidity, pricing, counterparty and operational risks. They aim to create portfolios that are risk-optimized and offer customized risk management solutions, products and insights covering the risk-reward spectrum.Allianz Global Investors (UK) believes that deep understanding helps them take the decisions that drive performance.

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Ossiam is an active manager which designs investment strategies based on quantitative models and fundamental research and structures funds which integrate liquidity, tradability and representativity, ease of implementation and transparency into the investment and development process. Their management team has expertise in systematic trading strategies, quantitative research and management, multi strategy fund, fund of funds and structured funds management.The firm's product range provides access to strategies with variable risk profiles (long only, long/short, variable exposure, guaranteed capital) across all asset classes (equity, fixed-income, currency, commodities, inflation linked). To implement the strategies and monitor all risk indicators and fund performance parameters, they are transposed into rules-based strategy indexes calculated by an independent calculating agent or index provider.Their Equal Weight Strategy aims to provide investors with a more diversified exposure to a given stock market, avoiding domination of a small group of stocks in the index (concentration effect). The minimum Variance strategy is an investment approach that seeks to enhance portfolio efficiency while reducing volatility by forecasting future level of risk associated with different stock combinations and integrating this information to construct a lower-risk portfolio.Their Risk Weighted Enhanced Commodity Strategy offers exposure to the asset class with better participation from all commodity sectors (avoiding concentration in oil) and a more efficient risk allocation in a global portfolio.

Recent Transactions
Details Hidden

H.I.G. Capital LLC (Private Equity) purchases from Covestro AG

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Covestro AG purchases DIC Covestro Polymer Ltd. from DIC Corp.

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Charlesbank Capital Partners LLC, Plaskolite LLC purchase Covestro AG /Pcs Sheets Business from Covestro AG

Transaction Advisors
Legal Advisor

Advised onH.I.G. Capital LLC (Private Equity) purchases from Covestro AG

Legal Advisor

Advised onCovestro AG issued EUR Ordinary Shares

Underwriter

Advised onCovestro AG issued EUR Ordinary Shares

Legal Advisor

Advised onCovestro AG issued EUR Ordinary Shares

Associate

Advised onCovestro AG issued EUR Ordinary Shares

Legal Advisor

Advised onCovestro AG issued EUR Ordinary Shares

Advisors & Consultants
Legal Advisor

Founder at Bartlit Beck Herman Palenchar & Scott LLP

Legal Advisor

Partner at Bartlit Beck Herman Palenchar & Scott LLP

Clients

PolyOne Corporation (NYSE: POL) is a global leader offering a comprehensive array of specialized polymer materials, tailored services and end-to-end solutions. We have: More than 10,000 customers globally More than 35,000 polymer solutions More than 60 manufacturing and distribution facilities Operations in North America, South America, Europe, Asia, and Africa Corporate headquarters in northeast Ohio (U.S.A.) (2011) Annual revenues of $2.9 billion We understand that, in today’s competitive, warp-speed global economy, your success depends on being first to market with innovative, value-creating materials and services. That is why we manufacture many materials to help solve the demanding application and business needs of molders and processors. For more information on our solutions, visit Products & Services. Our solutions are the right choice for customers who want to achieve profit and growth with innovative products, enter new markets, expand globally and much more. In this high-stakes environment, you can rely on us as your strategic partner – a partner whose notion of service goes well beyond merely supplying needs, to delivering better business solutions. Our commitment to you as a PolyOne customer is a core principle, embedded in every dimension of our company

Bayer is a global enterprise with core competencies in the fields of health care, agriculture and high-tech materials. As an innovation company, it sets trends in research-intensive areas. Bayer’s products and services are designed to benefit people and improve the quality of life. At the same time, the Group aims to create value through innovation, growth and high earning power. Bayer is committed to the principles of sustainable development and acts as a socially and ethically responsible corporate citizen. In fiscal year 2012, Bayer employed 110,500 people and had sales of €39.8 billion. Capital expenditures amounted to €2 billion, R&D expenses to €3 billion.

Haier Group Corp. engages in the manufacture and sale of household appliances. Its business scope includes manufacture of household appliances, electronic products, communication equipment, electronic computers and accessories, general machinery, kitchen utensils, and industrial robots; domestic commercial wholesale and retail; and import and export business. The company was founded by Rui Min Zhang on March 24, 1980 and is headquartered in Qingdao, China.

Key Stats and Financials As of 2018
Market Capitalization
$8.01B
Total Enterprise Value
$8.7B
Earnings Per Share
$9.46
Revenue
$14.6B
Net Profit
$1.82B
EBITDA
$3.14B
EBITDAMargin
21.46%
Total Debt
$1.21B
Total Equity
$5.38B
Enterprise Value Sales
0.6x
Enterprise Value EBITDAOperating
2.77x
TEVNet Income
4.78x
Debt TEV
0.14x
Three Year Compounded Annual Growth Rate Of Revenue
6.55%
Five Year Compounded Annual Growth Rate Of Revenue
5.18%
Suppliers
Bayer AG Medical Support Services | Leverkusen, NW

Bayer is a global enterprise with core competencies in the fields of health care, agriculture and high-tech materials. As an innovation company, it sets trends in research-intensive areas. Bayer’s products and services are designed to benefit people and improve the quality of life. At the same time, the Group aims to create value through innovation, growth and high earning power. Bayer is committed to the principles of sustainable development and acts as a socially and ethically responsible corporate citizen. In fiscal year 2012, Bayer employed 110,500 people and had sales of €39.8 billion. Capital expenditures amounted to €2 billion, R&D expenses to €3 billion.

Songwon Industrial Co., Ltd. Chemicals | Ulsan, UL

SONGWON INDUSTRIAL Co., Ltd. engages in the manufacture and sale of petrochemical products. Its main products include polymer stabilizers, PVC stabilizers, organo-tin intermediates, plasticizers, polyurethanes, polyester diols, super-absorbent polymers, flocculants, alkyl phenols, and functional monomers. The company was founded on December 15, 1965 and is headquartered in Ulsan, South Korea.

Honshu Chemical Industry Co., Ltd. Plastics & Synthetics | Tokyo, TY

Honshu Chemical Industry Co., Ltd. engages in the manufacture and sale of chemicals used as raw materials for synthetic resins, pharmaceuticals, agrochemicals, rubber chemicals and electronic-related materials. It operates through the following segments: Chemicals, Functional Materials, Industrial Materials and Others. The Chemicals segment manufactures and sells biphenol, bisphenol F, and cresol derivatives. The Functional Materials segment handles manufacture and sale of special bisphenol and photoresist materials. The Industrial Materials segment involves in the consignment of special bisphenol. The Others segment acts as a sales channel. The company was founded by Asajiro Yura on November 13, 1914 and is headquartered in Tokyo, Japan.

Competitors
Lotte Chemical Corp. Chemicals - Seoul, SL

Lotte Chemical Corp Based at our 64-acre manufacturing facility at Wilton in Teeside, some 350km from London, we produce in excess of 150,000 tonnes of Polyethylene Terephthalate (PET) resin chips every year and over 500,000 tonnes of the polyester intermediate Purified Terephthalic Acid (PTA). Capacity we’re able to meet thanks to the dedication of our 150-strong workforce of skilled engineers, scientists, technicians and support staff. Our collective aim? To seek new ways to meet customers’ ever-evolving demands for PET and PTA – be that crystal clear transparency for optimum product visibility, modular mould capabilities to enable brand differentiation at low cost, or lightweight and low material usage for a reduced carbon footprint. It’s why we’re regularly enhancing our products. It’s why we’re continually investing in our people and our processes. But most tellingly of all, it’s why we remain one of the preferred partners for converters and brand owners throughout Europe.

Berkshire Hathaway, Inc. Other Insurance Services - Greenwich, Connecticut

Berkshire Hathaway, Inc. is engaged in the provision of property and casualty insurance and reinsurance, utilities and energy, freight rail transportation, finance, manufacturing, retailing, and services. It operates through following segments: GEICO, General Re, Berkshire Hathaway Reinsurance Group, Berkshire Hathaway Primary Group, Burlington Northern Santa Fe, LLC, Berkshire Hathaway Energy, McLane Company, Manufacturing, Service and Retailing, and Finance and Financial products. The GEICO segments involves in underwriting private passenger automobile insurance mainly by direct response methods. The General Re offers underwriting excess-of-loss, quota-share, and facultative reinsurance. The Berkshire Hathaway Reinsurance Group segment consists of underwriting excess-of-loss and quota-share reinsurance for insurers and reinsurers. The Berkshire Hathaway Primary Group segment comprises of underwriting multiple lines of property and casualty insurance policies. The BNSF segment operates railroad systems in North America. The Berkshire Hathaway Energy segments deals with regulated electric and gas utility, including power generation and distribution activities, and domestic real estate brokerage and brokerage franchisor. The McLane Company segment offers wholesale distribution of groceries and non-food items. The Manufacturing segment includes industrial and end-user products, building products, and apparel. The Service and Retailing segment involves providing fractional aircraft ownership programs, aviation pilot training, electronic components distribution, and retailing. The Finance and Financial Products segment includes manufactured housing and consumer financing; transportation equipment, manufacturing and leasing; and furniture leasing. The company was founded by Oliver Chace in 1839 and is headquartered in Omaha, NE.

3M Company Industrial Machinery & Manufacturing - Saint Paul, Minnesota

3M Co. is a technology company, which manufactures industrial, safety and consumer products. It operates through the following five segments: Industrial, Safety & Graphics, Health Care, Electronics & Energy, and Consumer. The Industrial segment provides products, including tapes, abrasives, adhesives, ceramics, sealants, closure systems for personal hygiene products, acoustic systems products, specialty materials and filtration systems. The Safety & Graphics segment offers personal protection products, ransportation safety products, commercial graphics systems, commercial cleaning and protection products, floor matting, roofing granules, all protection products, self-contained breathing apparatus systems, and gas and flame detection instruments. The Health Care segment supplies medical and surgical equipment, skin health & infection prevention products, drug delivery systems, dental & orthodontic products, health information systems and food safety products. The Electronics & Energy segment involves in the optical films solutions for electronic displays, packaging and interconnection devices; insulating and splicing solutions; touch screens and touch monitors; renewable energy component solutions; and infrastructure protection products. The Consumer segment products includes sponges, scouring pads, high-performance cloths, consumer and office tapes, repositionable notes, indexing systems, home improvement products, home care products, protective material products, and consumer & office tapes, as well as adhesives. The company was founded by Henry S. Bryan, Hermon W. Cable, John Dwan, William A. McGonagle and J. Danley Budd in 1902 and is headquartered in St. Paul, MN.

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