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The Info List - Bayer MaterialScience


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Covestro
Covestro
is a Bayer
Bayer
spin off formed in the fall of 2015 and formerly Bayer
Bayer
MaterialScience, Bayer's $12.3 billion materials science division.[1][2] Covestro
Covestro
shares were first offered on the Frankfurt Stock Exchange in October 2015.[3] Bayer
Bayer
sold off shares in 2017 and by September had a 24.6% stake, meaning that Bayer
Bayer
no longer had a controlling interest; Bayer's pension fund had an 8.9% stake managed separately.[4] The main industries served are automotive manufacturing and supply, electrical engineering and electronics, construction and home products, and sports and leisure. Their products include coatings and adhesives, polyurethanes that are used in thermal insulation, adhesives, electrical housings, and as a component of footwear and mattresses, and polycarbonates such as Covestro's Makrolon, which are highly impact-resistant plastics.[1] Covestro
Covestro
polyurethane was used in the 2014 official FIFA World Cup soccer ball.[5] See also[edit]

Lanxess AG

External links[edit]

Homepage Covestro
Covestro
AG

References[edit]

^ a b Christopher Alessi for the Wall Street Journal. Sept. 1, 2015 Bayer
Bayer
Separates Material Science Business Covestro ^ Joyce Gannon for the Pittsburgh Post-Gazette September 1, 2015 Bayer MaterialScience assumes its new identity as Covestro ^ Sheenagh Matthews and Alex Webb for Bloomberg News. October 6, 2015 Covestro
Covestro
Jumps on First Day of Trading in Frankfurt After IPO ^ " Bayer
Bayer
sells further stake in Covestro
Covestro
for 1 billion euros". Reuters. 2017.  ^ Justine Coyne for the Pittsburgh Business Times. Jun 12, 2014 Bayer gets ball rolling at World Cup

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