Covestro has more than 150 years of experience in the development of products and solutions which, in line with its mission, help make the world a brighter place.
In June 2016, coinciding with its 50th anniversary, the Barcelona plant opened a new production line for water-based polyurethane dispersions for specialized sectors.
In September 2014, Bayer announces its intention to spin off MaterialScience as an independent company. On September 1, 2015, the MaterialScience subgroup becomes an independent company under the name Covestro. The company has been listed on the Frankfurt Stock Exchange since October 6, 2015.
The Barcelona site adds a Water-Based Systems Laboratory and Customer Center in 2008.
The Tarragona Polyurethane Systems Production Center is established as a Systems House incorporating the functions of development, production and sale of products under a single roof.
The Tarragona center adds a polyurethane systems plant. A plant for the production of ABS plastic is also built in the plant, which later becomes part of Lanxess and is subsequently acquired by INEOS. Since then, Covestro's facilities in Tarragona have operated as an industrial park.
The company expanded to Tarragona in 1971 when it began production and brought the MDI plant on line.
The Barcelona plant adds a rubber tire additives unit.
Bayer MaterialScience set up shop in Barcelona (Free Zone) to begin the production of alkyd and unsaturated resins (principal components of industrial varnishes, coatings and paints).
The company's history in Spain dates back to 1964, when Bayer acquired a minority shareholding in Productos Electrolíticos S.A., an electrolytes producer that specialized in the production of inorganic chemicals, sulfuric acid and salts.