Bayer MaterialScience opens new functional films research centre

22 June 2010 09:09  [Source: ICIS news]

SINGAPORE (ICIS news)--Bayer MaterialScience (BMS) has opened a €7m ($8.64m) functional films research centre in Singapore which would focus on high-tech films and nanotechnology for the Asia-Pacific electronics market, the German polymer producer said on Tuesday.

The company said in a statement that the new centre would pursue joint projects with partners to develop functional films that could be applied to flexible screens and three-dimensional (3-D) displays, as well as nanomaterials used in energy-efficient lighting.

"By collaborating with a network of research organisations and business partners in Singapore and the whole of Asia Pacific, we will put to use the innovative ideas to fast-track products for tomorrow’s markets like automotives, electronics and displays," said Marcus Yim, managing director of Bayer southeast Asia.

The research centre, which presently houses about 30 researchers and staff, is the first of its kind in the Asia-Pacific and outside Germany, according to the company.

"The opening of this facility is a clear indication of our continued commitment to Singapore and its unique position as an economic and business hub for the Asian region,” Patrick Thomas, CEO of BMS, said.

“This confidence is underpinned by the fact that demand continues to grow for new and innovative film-based products. Much of the research and development for these new materials will be undertaken at this new centre,” he added.

Meanwhile, Thomas told ICIS earlier on Monday that the company would make a decision on whether to build a new polycarbonate plant either in Thailand or China by the end of 2010.

($1 = €0.81)

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By: Nurluqman Suratman



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