LEVERKUSEN, Germany (March 30, 2009)—Bayer MaterialScience has decided to spend $27 million to build a plant to produce specialty isocyanates in Ankkeshwar, India.
The facility will make aromatic and aliphatic polyisocyanates for coatings and adhesives and open in 2010, Bayer MaterialScience said.
The firm decided to go ahead with the project despite the poor overall economic climate, and that action underscores its commitment to India and the region, said Joachim Wolff, head of the Bayer MaterialScience Coatings, Adhesives, Specialties Business Unit.
The Ankleshwar site will produce Desmodur polyisocyanates, used for formulating PU coatings, adhesives and sealants. These will include Desmodur L for wood and furniture coating and for formulating adhesives for flexible packaging, and Desmodur N, used, said Bayer, in the automotive, industrial and plastic coating sectors.
India currently has few isocyanate factories.