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)

16.4K

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 semifinished 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

Head of Investor Relations

Global Head-Communications & Public Affairs

Head, Polycarbonates Segment

Head-Customer & Product Management

In-House Counsel

In-House Counsel

Investor Relations Manager

Supervisory Board

Former Head-Human Resources at Bayer AG

Vice Chairman-Supervisory Board at Covestro AG

Former Senior Partner at KPMG International Coop.

Employee Representative at Henkel Pension

Managing Director at Regierungskommission Deutscher Corporate Governance Kodex

Former Executive Secretary at United Nations Children's Fund

Former Chief Financial Officer at Bayer AG

Member-Supervisory Board at Covestro AG

Paths to 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 investing in equities, fixed-income, real estate, hedge funds and private equity funds.The firm manages risk by allocating between equity, fixed-income and currency exposure and by establishing the interest sensitivity (duration) of the fixed-income portfolio. They manage large and mid-cap Swedish and foreign equities internally and utilize external managers mainly for emerging markets and foreign small-cap investments.AP1 manages their fixed-income portfolio according to a holistic perspective, investing in an individual market based on total exposure in the fixed-income portfolio and with respect to the desired risk profile.The firm invests in real estate, aiming to make the overall portfolio more robust. Their strategy is to increase the share of Swedish and international real estate investments. They seek a continuous return from rents and invest to a lesser degree in strategies where expected value appreciation is the key component of total return.

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Deutsche Asset & Wealth Management International GmbH engages in the management of assets and provides consultancy services for German and international institutional investors. It also manages closed-end investment models. The company is headquartered in Frankfurt, Germany.

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

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Covestro AG issued EUR Ordinary Shares

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Bayer AG, Covestro AG purchase Covestro Thermoplast Composite GmbH

Transaction Advisors
Legal Advisor

Advised onCovestro AG issued EUR Ordinary Shares

Underwriter

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

NIKE, Inc. engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America; Europe, Middle East & Africa; Greater China; and Asia Pacific & Latin America; Global Brand Divisions; Converse; and Corporate. The North America; Europe, Middle East & Africa; Greater China; and Asia Pacific & Latin America segments refers to the design, development, marketing, and selling of athletic footwear, apparel, and equipment. The Global Brand Divisions represents NIKE Brand licensing businesses. The Converse segment designs, markets, licenses, and sells casual sneakers, apparel, and accessories. The Corporate segment consists of unallocated general and administrative expenses. The company was founded by William Jay Bowerman and Philip H. Knight in 1964 and is headquartered in Beaverton, OR.

Hennes & Mauritz AB engages in the sale of clothing, accessories, footwear, cosmetics, and home textiles. Its products include accessories, underwear, cosmetics, sportswear, and other apparels for men, women, and kids. Its brands include H&M, COS, Monki, Weekday, & Other Stories, Cheap Monday, H&M Home, and ARKET. The company was founded by Erling Persson in 1947 and is headquartered in Stockholm, Sweden.

RPM International, Inc. engages in the manufacture, marketing, and sale of coatings, sealants, building materials, and related services. It operates through the following segments: Industrial, Consumer, and Specialty. The Industrial segment is the maintenance and protection products for roofing and waterproofing systems, flooring, passive fire protection, corrosion control, high-performance sealing and bonding solutions, infrastructure rehabilitation and repair, and other construction chemicals. The Consumer segment is comprised of rust-preventative, special purpose and decorative paints, caulks, sealants, primers, nail enamels, cement and wood care coatings, and other branded consumer products. The Specialty segment includes industrial cleansers, restoration services equipment, colorants, exterior finishes, edible coatings, and other specialty original equipment manufacturer coatings. The company was founded by Frank C. Sullivan in May 1947 and is headquartered in Medina, OH.

Key Stats and Financials As of 2017
Market Capitalization
$8.28B
Total Enterprise Value
$17.7B
Earnings Per Share
$9.93
Revenue
$14.1B
Net Profit
$2.01B
EBITDAMargin
23.73%
EBITDA
$3.36B
Total Debt
$1.79B
Total Equity
$5.36B
Enterprise Value Sales
1.25x
Debt TEV
0.1x
Enterprise Value EBITDAOperating
5.29x
TEVNet Income
8.83x
Three Year Compounded Annual Growth Rate Of Revenue
6.33%
Five Year Compounded Annual Growth Rate Of Revenue
4.02%
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
Dowdupont, Inc. Plastics & Synthetics - Midland, Michigan

DowDuPont, Inc. is a holding company, which engages in the development of specialty materials, chemicals, and agricultural products. It operates through the following segments: Agriculture; Performance Materials & Coatings; Industrial Intermediates & Infrastructure; Packaging & Specialty Plastics; Electronics & Imaging; Nutrition & Biosciences; Transportation & Advanced Polymers; and Safety & Construction. The Agriculture segment focuses on seed and crop protection businesses. The Performance Materials & Coatings segment caters the uses silicones, acrylics, and cellulosics-based technology platforms. The Industrial Intermediates & Infrastructure segment includes construction chemicals, energy solutions, industrial solutions, and polyurethanes and chlor-alkali and vinyl. The Packaging & Specialty Plastics segment produces ethylene, polyolefin elastomers, and ethylene propylene diene monomer elastomers. The Electronics & Imaging segment supplies materials for consumer electronics. The Nutrition & Biosciences segment offers solutions for the food and beverage, pharma, personal care, energy, and animal nutrition markets. The Transportation & Advanced Polymers comprises of engineering resins, adhesives, lubricants and parts to engineers and designers in the transportation, electronics, medical, industrial, and consumer end-markets. The Safety & Construction segment includes engineered products and integrated systems for the construction, worker safety, energy, oil and gas, transportation, medical devices, and water purification and separation. The company is headquartered in Wilmington, DE.

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.

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

3M Co. is a technology company, which manufactures industrial, safety and consumer products. The company operates its business through the following business 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 protective equipment, traffic safety & security products, commercial graphics systems, commercial cleaning & protection products, floor matting, roofing granules for asphalt shingles, and fall protection products. 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 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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