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Bayer to Build 5 New Facilities for Polyurethane and Polycarbonate in China by 2012

Published on 2010-11-19. Author : SpecialChem

LEVERKUSEN -- Bayer MaterialScience has announced plans to invest €110 million to build five new downstream facilities in China by 2012 as part of an ongoing process to serve the booming manufacturing sector in the country. The facilities comprise three polyurethanes systems houses, a new polycarbonate sheet facility and a polycarbonate color compounding and design center. Each will be strategically located close to major customers in Shanghai, Qingdao, Chongqing and Guangzhou.

The company currently has a color competence and development center and a polyurethanes systems house in Guangzhou and a further systems house in Nanjing.

Peter Vanacker, Member of the Executive Committee and Head - Global Polyurethanes Business, Bayer MaterialScience said, "Many of our customers are opening facilities in the northern and central parts of the country have asked that we continue to support them with customized solutions in these growing industrial regions. We believe it makes good business and economic sense to invest close to them."

More than 40 percent of Bayer MaterialScience polyurethanes business in China is currently achieved through supplying polyurethane systems to the construction, appliance and automotive sectors, in particular. The three new polyurethanes systems houses are to be built in Shanghai, Qingdao and Chongqing. The company intends to build the new color compounding and design center in Chongqing, while the sheet facility is planned in Guangzhou.

Guenter Hilken, Member of the Executive Committee and Head - Global Polycarbonate Business, Bayer MaterialScience is confident that this investment will further strengthen the company's foothold in China's polycarbonate market. "Our planned investments reflect our firm commitment as the leading global supplier of polycarbonate solutions to China," Hilken said. "With the expansion of our global network of production and marketing capabilities, we will enable our customers to participate in the dynamic growth of this fast-evolving market."

Asia-Pacific currently accounts for more than 60 percent of the world's polycarbonate production, though that figure is expected to rise to 65 percent by 2015. China accounts for the majority of this demand, and is regarded as the main driver for this growth in view of the increasing importance of the domestic automotive, rail, consumer appliance and electronic industries.

About Bayer MaterialScience

With 2009 sales of €7.5 billion, Bayer MaterialScience 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. At the end of 2009, Bayer MaterialScience had 30 production sites and employed approximately 14,300 people around the globe. Bayer MaterialScience is a Bayer Group company.

Forward looking statements

This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer Group or subgroup 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 the company and the estimates given here. These factors include those discussed in Bayer's public reports which are available on the Bayer website. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Source: Bayer MaterialScience


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