Tag Archives: Bayer

Bayer MaterialScience is Now Covestro

Effective today, Bayer MaterialScience will operate under a new name — Covestro. The producer of high-performance polymers for the construction and automotive industries is now legally and economically independent, but it will remain a subsidiary of Bayer AG. The parent company hopes to spin off Covestro by … Continue reading

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Bayer MaterialScience Re-named Covestro

Bayer announced last September that its MaterialScience business would become a separate company. Effective September 1, the company will be established under the name “Covestro.” “Covestro represents a bold new direction and bright future for an innovation-driven polymers company,” says … Continue reading

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Bayer MaterialScience names Frank H. Lutz New CFO

Frank H. Lutz has been appointed chief financial officer of Bayer MaterialScience AG, effective in October. He succeeds Dr. Axel Steiger-Bagel, who takes over in November as senior Bayer representative for the Benelux countries, based in Diegem, near Brussels. Lutz … Continue reading

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Bayer MaterialScience Consolidating Polycarbonate Business

In an effort to consolidate its polycarbonate business, Bayer MaterialScience announced it will close its site in Darmstadt, Germany. The closure will affect 90 employees, though the company “will do everything possible to ensure that this step is conducted in … Continue reading

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Glass Industry and Related Companies Make Fortune’s Most Admired List

At first glance you might not think about glass when you see the name “Berkshire Hathaway,” but the company, led by Warren Buffet, does in fact have a place in the industry. MiTek Industries, a Berkshire-Hathaway company, acquired Portland, Ore.-based … Continue reading

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