Covestro up and running

02-Sep-2015 - Bayer MaterialScience is from now on operating under the Covestro name. The company 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 ...

Covestro Management Board named

From September 1, 2015, Bayer MaterialScience will be known as Covestro

17-Aug-2015 - The Supervisory Board of Bayer MaterialScience AG (in future: Covestro) has named the members of the future Covestro Board of Management effective September 1, 2015. Patrick Thomas (57) has been confirmed as Chairman of the Board of Management of Covestro. He has been CEO of Bayer MaterialScience ...

Bayer MaterialScience: Further milestone in the manufacture of plastics from CO2

Company intends to replace petroleum with carbon dioxide

02-Jun-2015 - Bayer MaterialScience has taken another major step toward using CO2 for plastic production from 2016. A production line is currently under construction for this purpose at the Dormagen site in Germany. A chemical reactor weighing some 25 metric tons has now been put in place at the heart of this ...

New company name unveiled: Bayer MaterialScience to be called Covestro

Flotation planned by mid-2016 at the latest

02-Jun-2015 - Bayer has announced that the new name of its MaterialScience business will be Covestro. It will be effective on September 1, 2015. Bayer intends to float Covestro on the stock market by mid-2016 at the latest. The plan for Bayer MaterialScience to become a separate company was announced in ...

Bayer MaterialScience buys composite materials specialist

04-Mar-2015 - Through a business acquisition in southern Germany, Bayer MaterialScience has expanded its position on the future-oriented market for composite materials. The company on Monday concluded the takeover of Thermoplast Composite GmbH (TCG) in Langenfeld, near Nuremberg, a technology leader ...

Dr. Richard Pott to be Chairman of the Supervisory Board of Bayer MaterialScience

27-Feb-2015 - The Supervisory Board of Bayer AG agreed to the proposal made by the Board of Management of Bayer AG to appoint Dr. Richard Pott (61) to the Supervisory Board of Bayer MaterialScience AG effective March 26, 2015. It is intended that Dr. Pott should be elected as the new Chairman of the ...

Bayer Pearl establishes new headquarters in Dubai Investments Park

27-Jun-2014 - The polyurethane systems house Bayer Pearl has broken ground for construction of its new headquarters in the Dubai Investments Park, which will be the site of the regional offices and state-of-the-art production facilities. The site will feature research, development, and application laboratories ...

Using CO2: EUR 15 million for new production line

Bayer MaterialScience plans further investment in the Dream Production project at its Dormagen site

16-May-2014 - The greenhouse gas carbon dioxide can be used as a basic building block for plastics. Following a successful test phase and promising market analysis, Bayer MaterialScience plans to invest EUR 15 million in the construction of a production line at its Dormagen site, which will use CO2 to produce ...

Bayer gets green light for expansion of the hydrochloric acid facility in Dormagen

02-May-2014 - Bayer MaterialScience has been issued the permit for the expansion and operation of its hydrochloric acid facility in Dormagen. The Cologne district authority issued the corresponding ruling on Tuesday following a detailed appraisal. The company can now move forward with the European-wide ...

Bayer MaterialScience expands technology and production

New production plant for coating raw materials commissioned

26-Nov-2013 - With the latest equipment for product development and the expansion of its production capacity, materials manufacturer Bayer MaterialScience continues to adapt to the needs of key sectors such as the automotive and construction industries. At its headquarters in Leverkusen, the company has ...