"We are delighted to be included in this important index family," says Covestro CFO Frank H. Lutz. "The move is a reflection of the great interest displayed by investors and the gratifying performance of our stock since our IPO. It will raise the visibility of Covestro shares on the international financial markets in the future."
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 2015 employed approximately 15,800 people (full-time equivalents).