17 November 2010 11:37 [Source: ICIS news]
LONDON (ICIS)--Bayer MaterialScience will invest €110m ($149m) in five new downstream facilities in China by 2012 in response to increasing demand in the north of the country, the German manufacturer said on Wednesday.
The facilities will include three polyurethanes systems houses, to be built in ?xml:namespace>
They also include a new polycarbonate sheet facility in
Each would be strategically located close to major customers in
Bayer did not disclose the planned capacities of the plants.
The company currently has a colour competence and development centre and a polyurethanes systems house in
"Manufacturing activity is no longer limited to the east and south of
"Many of our customers are opening facilities in the northern and central parts of the country [and] have asked that we continue to support them with customised solutions in these growing industrial regions. We believe it makes good business and economic sense to invest close to them," he added.
More than 40% of Bayer MaterialScience's polyurethanes business in
The Asia-Pacific region currently accounts for more than 60% of the world’s polycarbonate production, and Bayer said this figure was expected to rise to 65% by 2015, with
CEO Marijn Dekkers said in an interview in October that Asia, and particularly
($1 = €0.74)
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