Bayer begins further expansion of polymer R&D centre in Shanghai

22 June 2011 11:45  [Source: ICIS news]

LONDON (ICIS)--Bayer MaterialScience (BMS) has broken ground on the third phase of expanding its polymer research & development (R&D) centre in Shanghai, China, the Germany-based chemicals maker said on Wednesday.

The centre is scheduled to be operational by the second half of 2012, BMS added.

The project is part of Bayer Group’s €1bn ($1.45bn) investment plan – announced in December 2010 – to expand its facilities in Shanghai with an eye on generating about €5bn in total sales from the Greater China region by 2015.

China is the largest market in the Asia/Pacific region and the third-largest single market for Bayer globally,” Marijn Dekkers, Bayer Group chairman, said.

He added that China and Asia are central to Bayer Group’s global strategy.

“This expansion of our R&D facility is an important part of our large and continuous investment here in Shanghai,” Dekkers said.

Following the expansion, the number of employees at the polymer R&D centre is planned to almost double to about 260 workers.

($1 = €0.69)

By: Franco Capaldo
+44 (0)20 8652 3214

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