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 ?xml:namespace>
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.
He added that
“This expansion of our R&D facility is an important part of our large and continuous investment here in
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)
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