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New company in the Bayer Chemical Park in Leverkusen

Published on 2005-05-12. Author : SpecialChem

Leverkusen -- Teadit GmbH is the twelfth Chemical Park partner to set up operations at the Bayer Chemical Park in Leverkusen. With over 50 years' experience in seal technology, Teadit is a global player. The company will open its German branch in Leverkusen in the middle of May after signing a rental agreement with Bayer Industry Services (BIS) for office and production space at the start of April 2005. This has created four new jobs, with two employees from Bayer Jobactive GmbH being given permanent contracts at Teadit.

The Teadit group of companies from Kufstein in Austria has production operations in Italy and Brazil and from mid-May will also have manufacturing facilities in the Bayer Chemical Park in Leverkusen. The corporation also has sales and service offices in the USA and Argentina. Teadit meets every demand in industrial seal technology through its comprehensive product range and expert service. Its state-of-the-art technology and more than 50 years in the business make it one of the leading producers of stuffing box packings, sealing material from expanded PTFE (polytetrafluoroethylene), sheet jointings, gaskets, yarns, expansion joints and associated seal products.

Michael Werner, CEO of Teadit GmbH, is optimistic about the future: "Here in the Bayer Chemical Park in Leverkusen, our company will be linked to a powerful, economically attractive and comprehensive network, allowing us to fully focus on our core skills. Of particular note are the various opportunities for cooperation with partner companies in the Bayer Chemical Park in Leverkusen, giving us a good entry point to the German market." BIS is also offering a wide-ranging package of services that Teadit GmbH can call upon, such as waste disposal.

The Bayer Chemical Park in Leverkusen offers an ideal business climate, ensuring its partners a competitive edge and added value. In addition, Bayer Industry Services provides an optimal environment for research and development. A total of more than 35 companies, including the Bayer subgroups, conduct their research and production operations here. At the Leverkusen site alone, Chemical Park partners have access to around 5,000 products.

Bayer Industry Services (BIS) is the operator of the Bayer Chemical Park network with sites in Leverkusen, Dormagen, Krefeld-Uerdingen and Brunsbüttel. With approximately 6,800 employees, BIS provides ideal conditions for business with a variety of product networks and a comprehensive portfolio of services. These include environmental and technical services, environmental protection and safety, utilities, waste management, analytics, training and further education. BIS also offers some of these services to customers outside of the Chemical Parks.

Forward-Looking Statements

This news release contains certain forward-looking statements based on current assumptions and forecasts made by the management of Bayer Industry Services GmbH & Co. OHG (BIS). These statements may be marked by words like "believe", "assumes" or "expects". 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 BIS, or the actual realization of plans or projects described in this news release, and the explicit or implicit estimates given and/or the assumptions made herein. These factors include those discussed in any public reports about BIS filed by the Bayer Group with the Frankfurt Stock Exchange or with the U.S. Securities and Exchange Commission (including Form 20-F). The company assumes no liability whatsoever to update these forward-looking statements or to bring them into conformity with future events or developments.

Source: Bayer


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