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

Materials firm realigns business divisions

October 20, 2014 1:23 pm ET

Trinseo S.A., formerly known as Styron L.L.C., is realigning its business divisions, creating two new business groups — Performance Materials...    More

Image

Corbion Purac collaboration taking bioplastics into even more uses

October 17, 2014 6:00 am ET

Corbion Purac NV's collaboration with Taiwan-headquartered compounder Supla Co. Ltd. and Taiwan electronics producer Kuender & Co. is paying...    More

Image

Momentive gearing up for some timely LSR sales

October 17, 2014 10:58 am ET

Momentive Performance Materials Inc. has plenty of time for customers at Fakuma — thanks to colorful new watchbands made with the firm's fiber-...    More

Image

Evonik sees clear growth opportunities with new Plexiglas Resist resin

October 17, 2014 6:00 am ET

Evonik Industries AG presented a new specialty molding compound during Fakuma in Friedrichshafen with which it plans to exploit the growing demand...    More

Image

Teknor adding second UK production line

October 17, 2014 9:25 am ET

Teknor Apex Co. will add a second thermoplastic elastomer production line at its United Kingdom plant by the end of 2015 to meet growing demand.    More

Market Reports

Plastics Recycling Trends in North America

This report is a review and analysis of the North American Plastics Recycling Industry, including key trends and statistics based on 2013 performance. We examine market environment factors, regulatory issues, industry challenges, key drivers and emerging trends in post-consumer and post-industrial recycling.

Learn more

Plastics in Mexico - State of the Industry Report

This report analyzes the $20 million dollar plastics industry in Mexico including sales of machinery & equipment, resins and finished products.

Our analysts provide insight on business trends, foreign investment, top end markets and plastics processing activity. The report also provides important data on exports, production, employment and value of plastics products manufactured.

Learn more

Plastics Caps & Closures Market Report

The annual recap of top trends and future outlook for the plastics caps & closures market features interviews with industry thought leaders and Bill Wood’s economic forecast of trends in growing end markets. You will also gain insight on trends in caps design, materials, machinery, molds & tooling and reviews of mergers & acquisitions.

Learn more

Upcoming Plastics News Events

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

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

June 2, 2015 - June 3, 2015Plastics Financial Summit - Chicago 2015

September 16, 2015 - September 18, 2015Plastics Caps & Closures - September 2015

More Events