Covestro has two production sites in Spain that currently employ some 330 people. Covestro's operations center in Barcelona (Free Zone) produces resins and coatings, textile and fabric treatments, acrylic and polyurethane dispersions.
At its Tarragona operations center Covestro maintains an MDI (methylene diisocyanate) plant, an infrastructure system house and infrastructure facilities that also provide services to other companies at the chemical park.
Innovation and sustainability as driving forces
In line with its purpose – To make the world a brighter place – Covestro is working on sustainable solutions to the greatest challenges of our age, such as climate change, resource depletion, population growth and urbanization. The company serves these global trends and the associated major industries, such as the automotive, construction, wood processing and furniture, sports and leisure, and electrical and electronics industries. The demand for premium plastics in these sectors is expected to show continued growth in coming years.
Leadership positions in the three segments
In its largest segment, Polyurethanes, the company is the global leader in the development, production and sale of polyols and isocyanates, the basic components of rigid and flexible foams. These polyurethanes are found in a variety of everyday applications such as mattresses and automobile seats, or as rigid foam in insulation for refrigerators and buildings.
Covestro is also the leader in the development and production of polycarbonates. Lightweight, durable and easy to form, this premium plastic combines a wide range of desirable properties. Polycarbonates are used in a wide range of industries for all sorts of applications such as laptops, smartphones, medical devices, automobile parts and solar panels for stadium roofs. Covestro markets the material through its Polycarbonates unit in the form of granulates, semi-finished products and in blends with other plastics.
In its third segment, Coatings, Adhesives and Specialties (CAS), Covestro is the world’s leading supplier of raw materials for paints, adhesives, sealants and specialty chemicals. These materials protect and enhance the surfaces of cars, furniture and flooring, and are also used in the sports and leisure, cosmetic, textile and medical products industries to give a special touch to the finished product.
Covestro has been an independent company listed on the stock exchange since the fall of 2015. Before that, as Bayer MaterialScience, the company was a member of the Bayer Group, which still holds 33.5 percent of the shares in the company