25 November 2009 16:39 [Source: ICIS news]
TORONTO (ICIS news)--Bayer MaterialScience has agreed to set up a polycarbonate sheets joint venture with India’s Malibu Plastica to further grow its business in that country, the Germany-based polymers and plastics major said on Wednesday.
The joint venture, to be called Bayer Malibu Polymers, will supply solid, multiwall and corrugated sheets, as well as thermoformed products made from polycarbonate sheets to industrial, building, transportation and other markets in India, Bayer said.
It will be based in Ahmedabad in ?xml:namespace>
“The new joint venture will enable us to support our Indian customers along the value chain more intensively,” said Thomas-Karl Kastner, global head of Bayer MaterialScience´s polycarbonate sheet business.
Financial terms or capacity details were not disclosed.
Bayer said last week it expected global polycarbonate industry to grow by 5-6%/year, with growth driven by the Asia Pacific region.
Bayer MaterialScience’s sheet business currently operates manufacturing sites in
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|