Building upon years of materials innovation and market leadership

Company history

Since inventing polyurethanes and polycarbonates decades ago, Covestro has continued to be driven by innovation, delivering new technologies and solutions that help make a positive impact on people’s lives every day. While this strategic focus on materials has remained constant, over the years, the company’s businesses – and names – have changed.

The origins of the company can be traced to 1863, when Friedrich Bayer and Johann Friedrich Weskott manufactured and sold synthetic dyestuffs in a small German town today called Wuppertal. By the turn of the century, Bayer® Aspirin (acetylsalicylic acid) had been introduced to the world and was quickly hailed as the “drug of the century.”

In 1954, a joint venture named Mobay Chemical Company was formed to manufacture and market polyurethanes in North America. After a series of name changes, mergers, acquisitions and reorganization initiatives, Bayer MaterialScience, a subgroup of Bayer, was formed in 2003. This evolution continues: On September 1, 2015, the organization redefined itself in a new light as Covestro – an independent company. Covestro LLC is the legal entity for the company’s U.S. business operations.

Covestro has a bold new vision for the future – to make the world a brighter place by creating material solutions that push the boundaries of innovation and sustainability. Interested in learning more? Check out this illustrated timeline of milestones in the company’s history.