MaterialScience Is Becoming Covestro; Bayer to Float on Stock Market in '16

摘要

Leverkusen— Bayer, having announced plans to separate its Material-Science business, has selected Covestro has the new name for the business, effective on 1 Sept. 2015 (PCN, 22 Sept 2014, p 3). The name comes from a combination of words reflecting the identity of the new company, Bayer explained. "The letters C and 0 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.