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Bayer MaterialScience to become separate business

German chemical and pharmaceutical giant Bayer is to float its MaterialScience operation, which produces polymer materials, on the stock market as a separate company within the next 12 to 18 months.

Chief executive Dr Marijn Dekkers announced that the Leverkusen-based Bayer organisation intends to create two global corporations – Bayer as an innovation company working in the life science businesses, and MaterialScience as a manufacturer of polyurethanes, polycarbonates, coatings, adhesives and other speciality products. According to Dr Dekkers, both companies have excellent prospects for success in their respective industries. Employment levels are expected to remain stable over the next few years, both globally and in Germany.

“We firmly believe that MaterialScience will use its separate status to deploy its existing strength even more rapidly, effectively and flexibly in the global competitive arena,” commented Dr Dekkers.

“MaterialScience is a very well positioned business that today operates very modern, competitive, large-scale facilities. We have steadily invested in these facilities, even in difficult economic times.”

Publishing Data

This article was originally published on page 3 of the November 2014 issue of SATRA Bulletin.

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