Mumbai, Sept. 2 -- 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.

Published by HT Digital Content Services with permission from Construction World.