Covestro AG Stock
€55.52
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Description Covestro
Covestro AG is a German multinational company that produces high-performance polymers and advanced materials. It was previously known as Bayer MaterialScience before being spun off as a separate entity in 2015. Covestro operates in three main business segments: Polyurethanes, Polycarbonates, and Coatings, Adhesives Specialties.
Their products are used in various industries including automotive, construction, electronics, furniture, and sports equipment. Covestro's focus on sustainability is reflected in their development of eco-friendly products such as waterborne polyurethane coatings, and bio-based raw materials for plastics production.
Covestro is listed on the Frankfurt Stock Exchange and is also part of the MDAX index, which tracks the performance of mid-cap German companies. The company has a global presence with manufacturing sites and sales offices in Europe, Asia, and the Americas.
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Competitors of Covestro
Covestro is a globally leading supplier of high-tech polymer materials for various industries, such as automotive, construction, and electronics. Its main competitors include:
1. BASF SE: The German multinational chemical company is a major competitor for Covestro due to its diverse range of products, including high-tech plastics, catalysts, and coatings.
2. Dow Chemical Company: As one of the world's largest chemical companies, Dow Chemical competes with Covestro in the production of high-performance materials and products for various industries.
3. DuPont de Nemours, Inc.: DuPont provides a variety of high-performance materials, such as engineering polymers, specialty resins, and films, which compete with Covestro's products.
4. LG Chem Ltd.: The South Korean company is a major player in the production of advanced materials, including polycarbonates, polyurethanes, and high-performance plastics, which compete with Covestro.
5. Mitsubishi Chemical Corporation: The Japanese multinational chemical company produces a variety of high-performance products, such as engineering plastics, resins, and films, that compete with Covestro's product portfolio.
Overall, Covestro faces stiff competition from well-established and diversified companies in the global market, who constantly strive to innovate and improve products to meet the growing demand of various industries.
Financial data and news for Covestro
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Financials
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![EQS-Adhoc: Covestro AG: Covestro AG enters into concrete negotiations with Adnoc regarding a potential transaction](/assets/news/news17-d49b9ce9c87babddea210274f0f8d00a1cf706146ef6382020cc7ece83b76f6c.png)