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From September 1, 2015 Bayer MaterialScience is operating under the Covestro name.
According to the company, it is now legally and economically independent, but will remain a 100 percent subsidiary of Bayer AG. Bayer wants to float Covestro on the stock market by mid-2016 at the latest in order to concentrate exclusively on the life sciences businesses.
“Independence will enable us to bring our strengths to bear in global competition more quickly, effectively and flexibly,” said Covestro CEO, Patrick Thomas.
Covestro has a new, colorful logo. Its vision is also new, “To make the world a brighter place.” “We fulfill this vision by inspiring innovation and driving growth through profitable technologies and products that benefit society and reduce environmental impacts,” said Thomas.
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