BEIJING (Nov. 1)—Bayer A.G. will spend nearly $1.1 billion through 2008 to build isocyanate and polyol capacity at a new chemical complex near Beijing to supply various Chinese industries with these key polyurethane raw materials. Bayer is setting up Bayer Polyurethanes (Shanghai) Co. Ltd. to oversee the project, which will operate 230,00 metric tons of annual capacity for MDI, 150,000 tons for TDI and 280,000 tons for polyether polyols, Bayer said. The project is part of a larger Bayer chemicals complex to be built at Caojing at a total cost of more than $3 billion. Bayer said its new PU materials venture would serve China's furniture, automotive, construction, appliance, sports/leisure and other industries.
Bayer to hike isocyanate, polyol capacity in China
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