Bayer MaterialScience invests in technical center

Jane Denny
URETHANES TECHNOLOGY INTERNATIONAL

Published: November 26, 2013 12:00 pm ET
Updated: November 26, 2013 12:06 pm ET

Image By: Bayer MaterialScience Patrick Thomas, CEO of Bayer MaterialScience

Related to this story

Topics Materials, Materials Suppliers
Companies & Associations Bayer MaterialScience LLC

LEVERKUSEN, GERMANY ‒ Bayer MaterialScience AG has unveiled its new premium foams technical center and commissioned a production plant for coating raw materials.

The new facilities have a combined cost of more than 45 million euros ($60.8 million).

Patrick Thomas, CEO of Bayer MaterialScience said: "This allows us to supply key industries more precisely and with higher volumes of exactly the products they need.

"The company is expanding its competence in developing new applications and manufacturing processes for its materials in close collaboration with customers."

Bayer MaterialScience has invested more than 10 million euros in the test center and the company expects the global polyurethane market to continue growing at an average annual rate of about 5 percent.

Bayer MaterialScience is expanding its production capacity for the precursors HDI (Hexamethylene diisocyanate) and IPDI (Isophorone diisocyanat) – both organic compounds in the isocyanates class that are used for polyurethane coatings.

The company has invested a year and a half and 35 million euros in the construction of the multipurpose plant in Leverkusen that can produce either of the raw materials depending on demand.


Comments

Bayer MaterialScience invests in technical center

Jane Denny
URETHANES TECHNOLOGY INTERNATIONAL

Published: November 26, 2013 12:00 pm ET
Updated: November 26, 2013 12:06 pm ET

Post Your Comments


Back to story


More stories

Image

Sabic, Chinese Academy of Sciences sign five-year development agreement

September 15, 2014 11:54 am ET

Ties between one of the world's biggest oil producers and one of its biggest consumers grew tighter Sept. 12 with the announcement of a five-year...    More

Image

BASF analyzes products based on sustainability potential

September 15, 2014 11:48 am ET

Chemicals giant BASF SE has created a new process for managing its product portfolio based on sustainability criteria.    More

Image

China's Zhongtai Chemical calls off large-scale PVC project

September 12, 2014 2:16 pm ET

Accepting the gloomy reality of the PVC market, Xinjiang Zhongtai Chemical Co. Ltd. has officially canceled a 800,000-ton PVC resin project and...    More

Image

Parx launches production of Saniconcentrates antibacterial polymers

September 12, 2014 11:11 am ET

Parx Plastics has achieved commercial production of its Saniconcentrates-brand line of antibacterial polymers.    More

Image

Germany's Lehmann & Voss buys U.S.-based Performance Compounding

September 12, 2014 11:36 am ET

German compounding firm Lehmann & Voss & Co. KG has acquired Performance Compounding LLC for an undisclosed price.    More

Market Reports

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

Thermoformed Packaging 2014 Market Review & Outlook North America

This in-depth report analyzes economic and market trends, legislative/regulatory activity impacting supply and demand, business opportunities and threats, materials pricing, manufacturing technology, as well as growth strategies being implemented by thermoformed packaging companies.

Learn more

Pipe, Profile & Tubing Extrusion in North America 2014

U.S. demand for extruded plastics is expected to grow by 3 percent in 2014, with PVC remaining the largest segment.

Plastic pipe will post the strongest gains through 2018, continuing to take market share from competing materials in a range of markets.

Our latest market report provides in-depth analysis of current trends and their financial impact on the pipe, profile and tubing extrusion industry in North America.

Learn more

Upcoming Plastics News Events

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

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

More Events