PITTSBURGH (April 24)—Bayer Polymers L.L.C. and PolyOne Corp. have formed a 50-50 joint venture for the development, production and marketing of polyurethane systems in the U.S. and Canada. The joint venture, BayOne Urethane Systems L.L.C., will employ about 50 at startup in June. It will be headquartered at a PolyOne facility in St. Louis, the companies said. Systems houses provide ready-to-use, preformulated polyurethane raw materials systems—isocyanates and polyol blends—for specific, custom-formulated specialty applications, Bayer said. "With this new joint venture, Bayer Polymers and PolyOne will be able to capture new markets. The new company will leverage Bayer Polymers' strengths in technology and raw materials with the regional manufacturing capabilities and technical service know-how of PolyOne," said Peter Vanacker, senior vice president and head of polymer solutions at Bayer Polymers Americas Region. Financial details of the venture were not disclosed.
Bayer, PolyOne form PU systems venture
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