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Bayer MaterialScience inaugurates Polyurethanes Coatings and Adhesives Application Development Lab in Thane, India

Published on 2007-12-17. Author : SpecialChem

Bayer MaterialScience, a global pioneer in polyurethane technology, inaugurated its Coatings and Adhesives Lab in India, at Thane on October 31, 2007. The objective of the Lab is to strengthen the Company's position in the high potential polyurethanes coatings and Adhesives market in India.

In view of continuous and substantial growth of the Indian paint industry, a need was felt to offer local customized technical support to the industry. This will also lead to the development of Polyurethane coatings and Adhesives for diverse high performance applications.

This Application Development Lab will primarily focus on application areas like Auto OEMs, Auto Refinish, Plastic coatings, Protective coatings, Wood finishes and General Industrial coatings. In the second phase the Application Development Lab will be expanded to provide tailor made solutions for Adhesives & Sealants in the Transportation, Construction, Furniture, Packaging and Shoe industries.

Said Satish Shenoy, Country Representative for Business Unit: Coatings, Adhesives and Sealants, Indian Subcontinent, "Our target market in the short and medium term is the non-architectural coatings market, which is mainly the industrial, automotive, protective and wood coating market segments. This total size of these market segments is approx. 280 KT. Out of this, approx. 8 per cent is currently based on PU chemistry. Overall, these market segments are currently growing at 12-13 per cent per annum. We intend to grow faster than the market, which can only happen if we convert coatings based on conventional and competing chemistries to PU".

He further added, "The long-terms goals would include identifying new and innovative applications for PU coatings and adhesives and to increase awareness of the PU technology, as well as knowledge about products offered by Bayer MaterialScience. We would also like to use this Lab promote eco-friendly technologies like waterborne PU coatings and adhesives, UV Coatings etc."

Speaking at the inauguration, Dr. Volker Mirgel, Sr. Vice President, Business Unit: Coatings, Adhesives and Sealants said, "There was a need to bring the latest technologies to our customers in India, and be able to customize solutions for them, and that is what this lab aims to do. In due course of time, we hope to further expand and strengthen the facilities that the lab provides."

This lab will function in close co-ordination with Bayer's Application Development Labs in Germany (EMEA), Shanghai (APAC) and Japan to support the coatings and adhesives market in the Indian subcontinent. The Thane Application Development Lab is equipped with state-of-the-art testing, formulation and application equipment, meeting global standards and guidelines.

Industry dignitaries from Asian Paints, Asian PPG, Kansai Nerolac, Du-Pont, BASF, Pidilite and a host of small and medium paint and adhesive companies attended the inauguration ceremony. Eminent industry consultant, Mr. Ravi Marphatia and personnel from leading paint technology institutes were also present to witness the inauguration.

Forward-Looking Statements

This news release contains forward-looking statements based on current assumptions and forecasts made by Bayer MaterialScience AG management. 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 Bayer MaterialScience AG or our holding company Bayer AG and the estimates given here. These factors include those discussed in public reports filed by Bayer AG with the Frankfurt Stock Exchange and with the U.S. Securities and Exchange Commission (including Form 20-F). Neither Bayer AG nor Bayer MaterialScience AG assumes any liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Source: Bayer MaterialScience


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