DUBAI, United Arab Emirates—Bayer Pearl has laid the foundations for its new headquarters and innovation center in Dubai Investments Park.
Bayer MaterialScience A.G. and Pearl Insulation Materials Industries announced plans for the joint venture facility earlier this year.
The facility will feature a research and development center, application laboratories and a demonstration center and is scheduled for completion next year.
“The Middle East is one of the fastest growing economies in the world, and Dubai serves as the ideal base for us to further strengthen our presence in the region,” Bayer Pearl CEO Thorsten Eschmeier said.
“Our new site makes it possible to expand our competence in developing new applications and improved manufacturing processes for polyurethane products in close collaboration with our customers,” he added.