Since September 2015, Bayer MaterialScience has been an independent company, operating under the new name Covestro. We continue to be a leading supplier of high-value polymers and innovative solutions for key sectors such as transportation, construction, electronics, furniture, sports equipment and textiles. With our products and applications we want to fulfil our new vision: to make the world a brighter place.
Bayer AG announced in September 2014 that it planned to focus on its life sciences businesses and that Bayer MaterialScience would be floated on the stock market as an independent company.
The separation enables us as Covestro to deploy our existing strengths even more rapidly, effectively and flexibly in the global competitive arena. Independence gives us the opportunity to build our position as a pure-play polymers producer.
Capturing growth opportunities
It allows us to compete with our peers, most of which have been independent companies for a long time, on a level playing field. Having direct access to capital markets gives us the strategic freedom to build on our industry leadership and capture the significant growth opportunities our industry offers.
A colorful new logo underpins our vision and beliefs. We pay homage to our history by retaining a circular motif but also reinterpreting this circle as a symbol of perpetual innovation. The rainbow of colors shows that we are vibrant, curious and optimistic, seeking to make the world a bit brighter and better.