Covestro awarded BlueShield Innovation Award 2015

Breakthroughs in innovation highly recognized by China market
BlueShield Innovation

Covestro (formerly Bayer MaterialScience) , a global leader in high-tech materials solutions, has been awarded the Blue Shield Innovation Award 2015 in the field of security identification. The award was given at the 10th Security Document Summit for outstanding anti-counterfeiting measures in Beijing by the Security Identification Union which was affiliated by the Chinese International Association for Promotion of Science and Technology (CIAPST).

Thanks to Makrofol® ID Superlaser film, a transparent polycarbonate film, passports or cards can now be laser-engraved with the holder’s data and photo in higher contrast than is possible with standard laser-reactive overlay films. The high laser light absorption of the film ensures that other security features of the card, such as colors visible under UV light or holograms, are subject to less thermal stress during the laser engraving process. Furthermore, there is hardly any degassing or blistering while the documents are being personalized, which minimizes rejects. This fact is an advantage for the thin passports that are currently in vogue, because they can be personalized more securely, faster and therefore more cost-efficiently. Overall the film is particularly well suited for the production of forgery-proof passports, ID cards and driver's licenses.

“China is one of the most important strategic markets for Covestro, given its growth perspective and the changing nature to being an innovation driven industry. Close customer relationships and long-term R&D collaborations have become the key to our success over the years. In future, we will continue to invest in R&D facilities to grow together with customers as we position ourselves for more innovative technologies and solutions in China,” said Joerg Ottmann, Director and Regional Head for Covestro’s Specialty Films business in APAC.

The Blue Shield Innovation Award was the second win in a row for Covestro, former Bayer MaterialScience. In 2014 it received an award for contributing to the fight against counterfeiting as a “foreign-investment enterprise with significant presence in the Chinese market”.

Compared with traditional materials like PVC and PETG, Covestro’s PC film solution excels in excellent mechanical properties and unique security functionality. The film can perfectly protect chips integrated into the core of cards and secure personal information against manipulation and forgery. ID cards manufactured with the films won’t delaminate in its life span of over 10 years thanks to its ultra-durability, good abrasion resistance and long-term flexural strength. Moreover, PC is more eco-friendly than traditional polymer materials.

A new name and a new vision for the future

Since 1st September 2015, Bayer MaterialScience has been operating under the name Covestro. The new name is derived from a combination of words that reflect the identity of the new company. The letters C and O come from collaboration, while VEST signifies the company is well invested in state-of-the-art manufacturing facilities. The final letters, STRO, stand to show the company is strong. It is strong in innovation, strong in the market and with an overall strong workforce.

In addition to the new and colorful logo, Covestro also has a new vision-To make the world a brighter place. Covestro is devoted to fulfilling this vision by inspiring innovation and driving growth through profitable technologies and products that benefit society and reduce environmental impacts.

About Covestro
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 employs approximately 15,700 people (full-time equivalents) as of the end of 2016.

This press release is available for download from the Covestro press server at www.press.covestro.com.

Find more information at www.covestro.tw

Forward-looking statements
This press release may contain forward-looking statements based on current assumptions and forecasts made by Covestro AG. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Covestro’s public reports which are available on the Covestro website at www.covestro.com. Covestro assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.