High electricity costs, inflation, an aging building and difficult recruiting skilled workers factored into the decision.

Established in 2015 as a spinoff from Bayer, Covestro is a leader in the production of polyurethane foam, which is essential in products ranging from household appliances to mattresses and footwear, ...

We are saddened to see another example of a longtime Berkshire-based business bought up by a larger company only to see that enterprise marked for closure with its good jobs ...

Covestro is the former plastics-making business of pharmaceutical giant Bayer, which took it public in 2015. Its main products include foam chemicals used in mattresses, car seats and insulation for ...

Bayer sees Intacta2 Xtend GMO seed covering 30% of Brazil's soybeans October 3, 2024 Abu Dhabi's ADNOC has struck a deal to buy German chemicals maker Covestro for 14.7 billion euros ($16.3 ...

European stocks closed higher on Thursday as an interest rate cut by the Bank of England (BoE), and some encouraging earnings updates ...

2024, at 11 a.m. Arthur Juarez, 61, of Baytown, TX, passed away on October 26, 2024. Born and raised in Baytown, Arthur was a dedicated employee for 30 plus years at Bayer/Covestro.

while Bayer benefited from the de-consolidation of its adhesive manufacturing subsidiary Covestro and increased sales from its core pharma brands Xarelto, Eylea, Mirena and Xofigo.’’ ...

Agriculture business to weigh further on 2025 earnings Bayer shares down 11.6% to two-decade low Investor urges more efforts, demands mid-term targets FRANKFURT, Nov 12 (Reuters) - Bayer (BAYGn.DE ...

Bayer BAYN2.76%increase; green up pointing triangle cut its full-year earnings target after a tough agricultural market hit its crop-science division, and said it heads into next year with a muted ...