From Tectrade to Covestro

Far out in the countryside in the northern part of the Danish island Funen you will find the Nordic headquarter of Covestro.
Kim Klausen
Kim Klausen, CEO Covestro A/S (Nordic)

It has been twelve years since Kim H. Klausen and his two partners sold their business Tectrade to the global Bayer-Group and became part of one of the three main business areas of the Group, Bayer MaterialScience.

After selling the business, Kim H. Klausen was employed in Bayer and became in charge of the Nordic countries and the Baltics.

Since September 1, 2015 the business, Covestro A/S (Nordic), is a subsidiary of Covestro with 14,100 employees globally.

Covestro A/S last year had a turnover of more than DKK one and a half billion. The interim financial statements for this year points to an even better result, and reality has by far surpassed the expectations Kim H. Klausen had 25-years ago when he began to experiment with the two fluids that are needed to create PUR foam at home on the kitchen table in a property next to where he lived with his family.

Kim H. Klausen had his first big success with his business, when freon was banned from use in refrigerator insulation. Ahead of large international companies, he developed a freon-free insulation foam. Within a short period of time, the business had gained one third of the Nordic market and invested in, among other things, a factory for the production of the two fluids needed to produce PUR.