LEVERKUSEN, Germany (Nov. 18, 2010)—Bayer MaterialScience plans to invest $149 million to build five new downstream facilities in China by 2012, including three polyurethanes systems houses.
The plans are part of an ongoing process to serve the booming manufacturing sector in the country. Also included will be a new polycarbonate sheet facility and a PC color compounding and design center.
The three new polyurethanes systems houses are to be built in Shanghai, Qingdao and Chongqing. The company said it intends to build the new color compounding and design center in Chongqing, while the sheet facility is planned in Guangzhou.
These projects will increase Bayer MaterialScience's downstream presence considerably in what has become the company's second largest market worldwide. It will have a network covering the main geographical areas of the country.
The firm currently has a color competence and development center and a polyurethanes systems house in Guangzhou and a further systems house in Nanjing.
According to the group, more than 40 percent of Bayer MaterialScience's polyurethanes business in China is currently achieved through supplying PU systems to the construction, appliance and automotive sectors.