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
Building Material

Suraj Estate Wins Euromoney Award for India’s Best Residential Developer

"Suraj Estate Developers Limited has received the Euromoney Real Estate Award 2025 for ‘India’s Best Residential Developer’, positioning the company among globally benchmarked leaders in the sector. The recognition reflects its four-decade legacy in delivering high-quality residential and redevelopment-led projects across South Central Mumbai. The Euromoney Real Estate Awards, presented by the London-based Euromoney magazine, are widely regarded as one of the most credible global assessments of performance in real estate, banking and finance. Winners are selected through surveys of inte..

Next Story
Building Material

Lloyds Metals, Tata Steel Sign MoU to Explore Strategic Collaboration

"Lloyds Metals and Energy Limited has signed a non-binding Memorandum of Understanding with Tata Steel Limited to evaluate potential areas of strategic cooperation across mining, logistics, pelletisation and steelmaking. The MoU was signed by B Prabhakaran, Managing Director of Lloyds Metals, and Mr T V Narendran, CEO and Managing Director of Tata Steel. The partnership framework aims to leverage the natural operational synergies between both companies and assess opportunities in greenfield steel projects, iron ore mining, slurry pipeline infrastructure, pellet manufacturing in iron ore–ric..

Next Story
Building Material

IndiaAI, Gujarat Govt Host Regional Conclave Ahead of 2026 AI Summit

The IndiaAI Mission under the Ministry of Electronics and Information Technology, along with the Government of Gujarat and IIT Gandhinagar, convened a Regional Pre-Summit Event at Mahatma Mandir, Gandhinagar. The initiative is part of the build-up to the India–AI Impact Summit 2026, scheduled for 15–20 February 2026 at Bharat Mandapam, New Delhi. The conclave brought together senior policymakers, technology leaders, researchers and industry practitioners to examine how AI can accelerate economic, digital and social transformation across sectors. The programme focused on the overarching th..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App