Covestro aims to brighten up the world with its innovative high-tech chemical solutions , extending its reach to a global scale

Previously known as Bayer MaterialScience , the Germanbased chemicals company rebranded itself as Covestro in September 2015 . 69 percent of the shares are still in the hands of Bayer , with the other 31 percent traded in the MDAX . The company ’ s focus is split into three units ; one for the production of polyurethane raw materials , TDI , MDI and polyols ; the second for a high-tech plastic named polycarbonate ; and the third for raw materials for coatings , adhesives , and specialties . The latter unit supplies over 4,000 products for different industrial applications , with all of Covestro ’ s dealings being business-to-business .