Bayer MaterialScience inaugurates Asia-Pacific innovation hub in Shanghai

URETHANES TECHNOLOGY INTERNATIONAL

Published: May 21, 2013 12:18 pm ET
Updated: May 21, 2013 12:19 pm ET

Related to this story

Topics Materials, Materials Suppliers
Companies & Associations Bayer MaterialScience LLC

SHANGHAI — Bayer MaterialScience AG has officially inaugurated its Asia-Pacific regional innovation hub at the Polymer Research & Development center in Shanghai.

BMS said the hub is based on Bayer's global standards for its polyurethane, polycarbonates and coatings businesses. The company plans to develop ideas, together with its customers, for the use of high-performance foams and coatings in sectors such as mobility, construction, IT and renewable energy.

"Our regional innovation hub will become a significant contributor to our overall global innovation network," said Patrick Thomas, CEO of Bayer MaterialScience, in a May 21 news release.

He added: "We are aiming to reach a global innovation footprint for Bayer and its partners by exporting China-made technology to the rest of the world by 2020."

The regional innovation hub will provide support to R&D facilities in South Korea, Taiwan, India and Japan, Bayer said. It is expected to employ more than 200.

The new center will be supported by a network of production sites in Asia Pacific with major production sites in Shanghai, Map Ta Phut (Thailand) and Niihama (Japan).

Asia Pacific is among the strongest growth regions for BMS and accounted for 3.15 billion euro of sales in 2012. The growth is mainly driven by increasing demand from infrastructure, automotive, electronic consumer goods and new housing from an affluent emerging middle class. At the same time, governments are looking at sustainable energy generating technologies, among them energy from renewable resources such as wind and solar energy.


Comments

Bayer MaterialScience inaugurates Asia-Pacific innovation hub in Shanghai

URETHANES TECHNOLOGY INTERNATIONAL

Published: May 21, 2013 12:18 pm ET
Updated: May 21, 2013 12:19 pm ET

Post Your Comments


Back to story


More stories

Image

Formosa to be compensated for Vietnam riot

July 28, 2014 1:44 pm ET

Taiwan's Formosa Plastics Group will receive $2.39 million from the Vietnamese government and insurance companies for damages suffered during the...    More

Image

Ukraine's Group DF may be forced to sell Crimea-based additives plant

July 28, 2014 10:12 am ET

Group DF, the industrial business of Ukrainian tycoon Dmitry Firtash, may be forced to sell off Eastern Europe's biggest producer of titanium oxide,...    More

Image

DuPont resins help take Nike golf balls 'Fore!'ward

July 25, 2014 1:07 pm ET

It may be difficult to imagine just how much science, not to mention rubber and plastic components, go into a golf ball. But global giant DuPont Co....    More

Image

Bioplastics maker wins government funding

July 25, 2014 12:13 pm ET

Canadian bioplastics maker Solegear Bioplastics Inc. has won $1.6 million in funding from the government-sponsored Western Innovation Initiative...    More

Image

Report: biodegradeable plastics use in Europe to grow 12 percent

July 25, 2014 10:25 am ET

The biodegradable plastics market in Europe is forecast to witness 12 percent compound growth during 2014-19, according to TechSci Research's “E...    More

Market Reports

Plastics Recyclers Data Report & Directory

This exclusive MS Excel database contains all the companies from Plastics News' ranking of top North American Recyclers and Brokers by reprocessed volume and also includes a directory with materials processes, services offered and company contact information. Data is based on primary research by PN editorial staff.

Learn more

2014 Injection Molding Industry Report

GROWTH, OPPORTUNITY IN SIGHT FOR INJECTION MOLDERS IN 2014

In the wake of the economic turbulence earlier in this decade, molders today find themselves in much better shape. Molders are gaining a competitive advantage by investing in people, equipment and seeking inroads into new markets on a global scale.

Growth in the injection molding industry is going to be driven by low financing costs and a continued move to reshore some business.

Learn more

Shale Gas Market - Analysis of North American Region

This report highlights the impact of shale-based natural gas on the North American plastics market and features an in-depth analysis of production trends in the United States during 2013 and a forecast for 2014 and beyond.

Learn more

Upcoming Plastics News Events

September 10, 2014 - September 12, 2014Plastics Caps & Closures 2014

January 14, 2015 - January 14, 2015Plastics in Automotive

February 4, 2015 - February 6, 2015Plastics News Executive Forum 2015

More Events