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Bayer Polymers LLC and PolyOne Corporation form joint venture

Published on 2003-04-30. Author : SpecialChem

 

Bayer Polymers LLC and PolyOne Corporation announced that they have formed BayOne Urethane Systems, LLC - a 50/50 joint venture in order to develop and market polyurethane systems in the United States and Canada. This joint venture will become operational in June.

Polyurethane "systems" are polyurethane components - isocyanates and polyol additive blends - formulated to meet specific product applications. Polyurethane systems are used worldwide in an extensive variety of applications, like automotive products, construction, furniture, flooring, industrial and commercial insulation, appliances, and footwear.

Bayer Polymers' polyurethanes business, with its Americas Region headquarters in Pittsburgh, supplies polyurethane systems and raw materials worldwide. On the other hand, PolyOne Corporation, headquartered in Cleveland, is an international polymer services company. Its polyurethanes operations include custom-formulated polyurethane systems.

The joint venture, headquartered in St. Louis, will focus primarily on the following markets: carpet backing and related applications, non-automotive flexible molded foams, integral skins, footwear, instrument panels and filters.

Peter Vanacker, Senior Vice President and Head of Polymer Solutions for Bayer Polymers said "This joint venture will break new ground for Bayer and PolyOne. By leveraging the strengths of Bayer's technology and raw materials and PolyOne's regional manufacturing capabilities and technical service know-how, the venture will be positioned to provide our customers superior products and service."

"By combining Bayer and PolyOne polyurethane systems portfolios and commercial and technical expertise, BayOne Urethane Systems, LLC will be able to provide clear benefits to a larger population of customers," added Denis Belzile, Vice President and General Manager of PolyOne's Specialty Resins and Formulators Group. "Our combined systems formulating experience, customer and technical service orientation, and regional manufacturing flexibility make a powerful combination. It is an exciting opportunity to provide better service to our customers," he said.

Bayer facilities involved in the joint venture include Bayer Polymers' research and development facilities and sales offices in Pittsburgh, the corporation's production and laboratory facilities in New Martinsville, W.Va., and research and technical service facilities in Dalton, Ga.

PolyOne locations included in the joint venture are St. Louis (joint venture headquarters, production and laboratory facilities); Commerce, Calif., and Sussex, Wis., (production and laboratory facilities); and Kennesaw, Ga., (laboratory and technical services operations).

Now, to a brief description of the companies involved in the joint venture: Bayer Corporation, headquartered in Pittsburgh, has had sales of $9.5 billion in 2002 and is one of Fortune magazine's Most Admired Companies. The company employs 21,600 people. It is a member of the worldwide Bayer Group, a $32 billion international health care and chemicals group based in Leverkeusen, Germany. Bayer's four operating companies -- CropScience, Chemicals, HealthCare and Polymers -- produce a broad range of products that help diagnose and treat diseases, purify water, preserve local landmarks, protect crops, advance automobile safety and durability and improve people's lives.

PolyOne Corporation, with 2002 revenues of $2.5 billion, is an international polymer services company with operations in thermoplastic compounds, specialty resins, specialty polymer formulations, engineered films, color and adhesive systems, elastomer compounding, and thermoplastic resin distribution. Headquartered in Cleveland, Ohio, PolyOne has employees at manufacturing sites in North America, Europe, Asia, and Australia, and joint ventures in North America, South America, Europe, Asia and Australia.

Source: Bayer Corporation


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