Bookmark 11-24-2010

Bayer MaterialScience Increases Presence in China

Bayer MaterialScience AG, Leverkusen, Germany, has announced plans to invest EUR 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. With these projects, Bayer MaterialScience will increase its downstream presence considerably in what has become the company’s second largest market worldwide. The company will then have a network covering the main geographical areas of the country. The company currently has a color competence and development center and a polyurethanes systems house in Guangzhou and a further systems house in Nanjing. 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.