Dec. 07, 2015News & Opinions
Just weeks after its spin-off from Bayer, German engineering plastics producer Covestro has announced its first streamlining measure, saying it plans to close its 170,000 t/y MDI plant at Tarragona, Spain, by the end of 2107. Around 170 ...
Oct. 08, 2015News & Opinions
In its first rating for the newly launched shares of engineering plastics producer Covestro, ratings agency Moody’s has given the former Bayer MaterialScience a Baa2 investment grade rating with stable outlook.
Sep. 02, 2015News & Opinions
On Sept. 1, Bayer MaterialScience (BMS) began trading as Covestro. For the present, the new standalone company will remain wholly owned by Bayer, but the parent company’s plans foresee a stock flotation by mid-2016.
Aug. 14, 2015News & Opinions
Patrick Thomas and Frank H. Lutz have been confirmed as CEO and CFO respectively of the Bayer engineering plastics spin-off Covestro – the new name for Bayer MaterialScience (BMS) – starting Sept. 1.
The latest information directly via newsletter.