It began with its first facility at Cuddalore (Originally a 100% subsidiary of ‘Chemplast Sanmar Ltd.’). The unit commenced its operations in 1988 under the name of ‘Urethane India Ltd.’ with know-how of B. F. Goodrich. In 1996 ‘Bayer Sanmar Ltd.’ was formed with 51% equity share being held by Bayer AG. It was eventually taken over in full shares by Bayer in 2001 under the name ‘Bayer TPU Ltd.’ further being merged with Bayer MaterialScience Pvt. Ltd. in the October of 2004.
A Coatings and Adhesives Lab was also inaugurated at Kolshet Road which was later moved to Vikhroli with Bayer Group India companies moving to Bayer House, Thane.
Following is a table, chronologically listing various milestones achieved by Covestro.