10.01.15
Effective Sept. 1, Bayer’s Material-Science business is now Covestro. Bayer intends to float Covestro on the stock market by mid-2016, following through with a plan that was announced in September 2014.
The name Covestro is made from a combination of words that reflect the identity of the new company. The letters “c” and “o” come from collaboration, while “vest” signifies the company is well invested in state-of-the-art manufacturing facilities. The final letters, “stro,” show the company is strong. It is strong in innovation, strong in the market and with a strong workforce.
“Covestro represents a bold new direction and bright future for an innovation-driven polymers company,” said Patrick Thomas, CEO of Bayer MaterialScience and CEO designate of Covestro. “We are a company that is underpinned by strong and experienced management with a proven track record of excellence and full commitment to value creation. We have loyal and dedicated employees with whom we are confident we can build our future success.”
The name Covestro is made from a combination of words that reflect the identity of the new company. The letters “c” and “o” come from collaboration, while “vest” signifies the company is well invested in state-of-the-art manufacturing facilities. The final letters, “stro,” show the company is strong. It is strong in innovation, strong in the market and with a strong workforce.
“Covestro represents a bold new direction and bright future for an innovation-driven polymers company,” said Patrick Thomas, CEO of Bayer MaterialScience and CEO designate of Covestro. “We are a company that is underpinned by strong and experienced management with a proven track record of excellence and full commitment to value creation. We have loyal and dedicated employees with whom we are confident we can build our future success.”