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

LANXESS Tops European Sustainability Index

LANXESS has ranked first in Europe and fifth worldwide in the Chemicals category of the latest Dow Jones Best-in-Class Index. The specialty chemicals company received strong ratings for climate strategy, water, human rights and product stewardship.Matthias Zachert, Chief Executive Officer of LANXESS AG, said the ranking underlines the company’s focus on embedding sustainability into its corporate strategy, including climate protection, responsible resource use and good governance.LANXESS has also improved its sustainability rating from Sustainalytics, moving from the Medium Risk category to ..

Next Story
Infrastructure Transport

SHM Launches 29-Metre Aluminium Passenger Craft

SHM Group has launched Ocean Crewzer 8, a 29-metre high-speed aluminium passenger craft, at its shipyard in Mumbai. Designed and built in-house, the vessel has been developed to meet current marine operational and safety requirements for India’s waterway operations.The vessel has been built entirely with aluminium, a preferred material for fast passenger craft due to its lightweight structure and higher fuel efficiency compared to conventional steel vessels. The launch is part of SHM Group’s ongoing shipbuilding programme, focused on developing vessels for India’s growing maritime needs...

Next Story
Infrastructure Urban

KBL Launches Smart Skid Mounted Fire Pump Set

Kirloskar Brothers Limited has launched its Smart Skid Mounted Fire Pump Set, an integrated fire protection solution designed to improve safety readiness across India’s built environment. The system was inaugurated by Madhuritai Misal, Minister of State for Urban Development, Government of Maharashtra.The factory-tested solution combines FM/UL-certified motor and engine pump sets with IoT-enabled remote monitoring. It delivers a flow rate of 170 m³/hr at a head of 100 m, supporting reliable fire protection with real-time visibility and predictive maintenance.The pre-packaged, plug-and-play ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

-->