Covestro Marks 10 Years of Innovation and Sustainable Growth
ECONOMY & POLICY

Covestro Marks 10 Years of Innovation and Sustainable Growth

Covestro celebrated its 10th anniversary, marking a decade since its carve-out from Bayer in 2015. Over the past ten years, the company has evolved into a global leader in high-performance polymer materials and a pioneer in circular economy solutions.

“With curious minds and courageous hearts, our people have turned challenges into opportunities and laid the foundation for sustainable innovation,” said Markus Steilemann, CEO of Covestro. “I am proud of our global team, whose passion and resilience have made the world a brighter place.”

A Decade of Transformation
Since 2015, Covestro has invested over €4 billion to expand and modernize its global operations, with a clear focus on sustainable production technologies. Key milestones include:
  • Successful integration of DSM’s Resins & Functional Materials business, strengthening sustainable coating solutions.
  • Advancements in renewable-based raw materials and new chemical recycling technologies for high-performance plastics.
  • Signing 11 power purchase agreements to significantly increase renewable energy share in operations.
  • Recognition as a top employer in multiple regions, including Greater China, where Covestro operates 10 production sites.
People and Purpose at the Core
Guided by its purpose “to make the world a brighter place” and values of being Curious, Courageous, and Colorful, Covestro’s “We Are 1” culture unites more than 17,000 employees worldwide. Diversity, collaboration, and shared purpose remain central to the company’s growth journey.

Celebrating Globally
Covestro is marking its anniversary with employee-focused initiatives and community engagement:
  • Germany: Celebrations at production sites, large-format employee appreciation posters, community donations to food banks, and a Covestro-branded bus showcasing company materials.
  • North America: Launch of the “10 for 10” volunteer campaign, targeting 10,000 volunteer hours and up to 100,000 meals donated to local food banks.
  • Asia-Pacific: Story-sharing campaigns, wellbeing initiatives like running and cycling challenges, and creative photo activities symbolizing “10” and “We Are 1.”
Looking Ahead
As it enters its second decade, Covestro is focused on:
  • Achieving full circularity and climate neutrality (Scope 1 and 2 by 2035; Scope 3 by 2050).
  • Accelerating the shift to renewable raw materials.
  • Expanding digital and AI-driven capabilities.
  • Building partnerships, including a potential collaboration with XRG, to advance sustainable material solutions.

Covestro celebrated its 10th anniversary, marking a decade since its carve-out from Bayer in 2015. Over the past ten years, the company has evolved into a global leader in high-performance polymer materials and a pioneer in circular economy solutions.“With curious minds and courageous hearts, our people have turned challenges into opportunities and laid the foundation for sustainable innovation,” said Markus Steilemann, CEO of Covestro. “I am proud of our global team, whose passion and resilience have made the world a brighter place.”A Decade of TransformationSince 2015, Covestro has invested over €4 billion to expand and modernize its global operations, with a clear focus on sustainable production technologies. Key milestones include:Successful integration of DSM’s Resins & Functional Materials business, strengthening sustainable coating solutions.Advancements in renewable-based raw materials and new chemical recycling technologies for high-performance plastics.Signing 11 power purchase agreements to significantly increase renewable energy share in operations.Recognition as a top employer in multiple regions, including Greater China, where Covestro operates 10 production sites.People and Purpose at the CoreGuided by its purpose “to make the world a brighter place” and values of being Curious, Courageous, and Colorful, Covestro’s “We Are 1” culture unites more than 17,000 employees worldwide. Diversity, collaboration, and shared purpose remain central to the company’s growth journey.Celebrating GloballyCovestro is marking its anniversary with employee-focused initiatives and community engagement:Germany: Celebrations at production sites, large-format employee appreciation posters, community donations to food banks, and a Covestro-branded bus showcasing company materials.North America: Launch of the “10 for 10” volunteer campaign, targeting 10,000 volunteer hours and up to 100,000 meals donated to local food banks.Asia-Pacific: Story-sharing campaigns, wellbeing initiatives like running and cycling challenges, and creative photo activities symbolizing “10” and “We Are 1.”Looking AheadAs it enters its second decade, Covestro is focused on:Achieving full circularity and climate neutrality (Scope 1 and 2 by 2035; Scope 3 by 2050).Accelerating the shift to renewable raw materials.Expanding digital and AI-driven capabilities.Building partnerships, including a potential collaboration with XRG, to advance sustainable material solutions.

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement