18 May 2011 14:57 [Source: ICIS news]
(Recasts, clarifying fifth paragraph)
This would be due to new applications in the lighting industry and the lightweight mobility sector, Bayer MaterialScience head for Asia PC Rainer Rettig said on the sidelines of the Chinaplas 2011 plastics and rubber exhibition. The lightweight mobility sector uses lighter materials on modes of transport such as cars, trains and aircraft.
China's PC demand growth will be higher than the global figure of 6%, said Rettig.
"I see no evidence to end the [PC market] growth, which is twice [as fast as] other commodities,” Rettig said.
Bayer MaterialScience plans to build a new 200,000 tonne/year PC facility in
By 2016 the company will have more than doubled its capacity to 500,000 tonnes/year as part of a €1bn investment plan for its integrated production site in Shanghai.
Rettig said that the new capacity will help
PC’s increasing use in the lightweight mobility sector and in the lighting industry will boost the demand growth in China, Rettig said.
Per capita consumption of PC in Asia and
Chinaplas is being held in
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