Bayer MaterialScience invests €90m to expand Europe PC capacity

02 May 2011 14:49  [Source: ICIS news]

LONDON (ICIS)--Bayer MaterialScience is investing €90m ($132m) to boost polycarbonate (PC) production capacity at its Krefeld-Uerdingen site in Germany by 21% over the next four years, it said on Monday.

The plant's current capacity of 330,000 tonnes/year will be increased in stages to reach an annual capacity of 400,000 tonnes, the German polymers producer said in a statement.

"Global demand for polycarbonate has increased considerably, with the strongest growth in Asia/Pacific, particularly in China,” said head of polycarbonates Gunter Hilken.

“But there is also increased demand in Europe where the material’s versatility and other properties make it an ideal material for a variety of applications, for example in the automotive industry, where it is used to make vehicles lighter and more energy efficient.

“For Europe, we expect an average growth of 5%,” added Hilken.

Bayer MaterialScience is also currently rebuilding chlorine production facilities at the site to increase energy efficiency, the company said in the same statement.

($1 = €0.68)

For more on BayerMaterialScience visit ICIS company intelligence

By: Graeme Paterson
+44 20 8652 3214

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