"We are delighted about the announcement by MSCI, which indicates that investors continue to have strong interest in our stock," said Covestro Chief Financial Officer Frank H. Lutz. "The planned step is of major global significance for a number of stock funds that replicate the MSCI indices. This will further heighten awareness of Covestro shares on the global financial markets."
With 2015 sales of EUR 12.1 billion, Covestro is among the world's largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. Covestro, formerly Bayer MaterialScience, has 30 production sites around the globe and as of the end of the first quarter 2016 employed approximately 15,700 people (full-time equivalents).
This press release is available for download from the Covestro press server at www.covestro.com.
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