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Covestro up and running; former Bayer MaterialScience is now independent

By Niranjan Mudholkar,

Added 02 September 2015

Stock market flotation by mid-2016 at the latest.

Covestro in India, is headquartered in Thane, near Mumbai. The Company's Greater Noida production site, near New Delhi, is home to the EcoCommercial Building, the Polyurethanes Systems House and the Polycarbonates Color Competence and Design Center.

Built with an investment of Euro 5 million, the "EcoCommercial Building" is a lighthouse project of the integrated, Group-wide Bayer Climate Program which was launched at the end of 2007. The EcoCommercial Building is an office building that showcases how the former Bayer MaterialScience addresses the issues of making a sustainable building.

Covestro sees India as a major growth market in the APAC region. The Company has an aromatic and aliphatic polyisocyanate (PIC) manufacturing facility in Ankleshwar, Gujarat. This is the only one of its kind in India. Covestro also has a production facility in Cuddalore for Thermoplastic Polyurethanes. There is an Applications Development Lab for Coatings, Adhesives & Specialties in Mumbai.
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