Bayer MaterialScience: Joint Venture in Dubai
Bayer MaterialScience AG, Leverkusen/Germany and Pearl Insulation Materials Industries LLC, Dubai/United Arab Emirates have established a Polyurethane System House joint venture in Dubai. The two companies believe that this step will allow them to participate in future growth in the Middle East. Bayer MaterialScience, a world leader in polyurethane raw materials, is thereby expanding its global BaySystems network of system houses. The joint venture, with the name BaySystems.Pearl, will be integrated into this network under the strategic control of Bayer MaterialScience. Pearl Insulation Materials has already been a successful specialist in polyurethane rigid foam products in the Middle East for many years. The new system house joint venture is scheduled to start business at the beginning of 2007, once the necessary legal measures have been taken.
Covestro Deutschland AG
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