Germany’s Bayer to inaugurate Dormagen TDI plant in Dec

DUBAI (ICIS)–Germany-based polymer and plastics producer Bayer MaterialScience (BMS) is expected to inaugurate its new toluene di-isocyanate (TDI) plant at the Chempark Dormagen site in western Germany before Christmas this year, a market source close to the company said late on Sunday. 

The information could not be immediately verified with the BMS’ headquarters in Germany.

According to a press release on the company’s website, the plant with a capacity of 300,000 tonne/year is part of Bayer MaterialScience’s long-term investment strategy in Dormagen.

TDI market sources in the Middle East said new capacities by Europe-based producers and the recent restart of an Asia based producer’s plant will add to further pressure on the already long market situation.

According to ICIS data, spot prices of TDI in the  Middle East fell by $10-25/tonne to $2,490-2,500/tonne CFR (cost and freight) GCC (Gulf Cooperation Council)/ East Med (East Mediterranean) in the week ending 18 September.