Covestro invests USD 40 million in its headquarters in Pittsburgh
Covestro, a supplier of polymers, is investing more than USD 40 million in a series of modernization and technical upgrades across its nine-building campus in Pittsburgh, Pennsylvania.
The site, which employs roughly 700 people, functions as the business headquarters for the North American region and is one of Covestro’s three global research and development hubs along with Leverkusen, Germany, and Shanghai, China. Samir Hifri, chairman and president of Covestro says: “These enhancements to our headquarters and R&D facilities set the stage for long-term growth in the U.S.”
According to the company, the $40 million (~ 36 Mio. EUR) investment will go toward renovating existing polyurethane research and development facilities and creating new state-of-the-art laboratories. The investment will also upgrade equipment and machinery. Additionally, the campus will undergo a refresh to align with the company’s purpose of making the world a brighter place, modernizing its office facilities to strengthen collaboration and workplace culture. “This represents the largest R&D investment in our facilities in Pittsburgh for decades,” stated Anna Clark-Emerick, Pittsburgh site manager at Covestro. The current phase of improvements to Covestro’s North American headquarters is expected to be complete by 2026.
