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Thursday, 19 September 2019
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Markets & companies, Raw materials market

Bayer MaterialScience builds multipurpose plant for coating raw materials

Monday, 23 January 2012

Bayer MaterialScience is investing roughly EUR 35 million in the expansion of its production capacities for polyurethane coating raw materials in Germany.

The European market for polyurethane coating raw materials is expected to grow by 3 to 5 % in the coming years.  
Source: Bayer MaterialScience

The European market for polyurethane coating raw materials is expected to grow by 3 to 5 % in the coming years. 
Source: Bayer MaterialScience

Bayer MaterialScience has begun construction of a multipurpose production plant for polyurethane coating raw materials at Chempark Leverkusen. The products hexamethylene diisocyanate (HDI) and isophorone diisocyanate (IPDI) are used primarily for automotive and industrial coatings. The company is investing roughly EUR 35 million in the expansion of its production capacities, thus strengthening the site and securing jobs at the same time. The plant is scheduled to come on stream in fall 2013. "We must adjust our capacities accordingly if we are to meet the rising demand for coating and adhesive raw materials," said Daniel Meyer, Head of the Coatings, Adhesives, Specialties Business Unit and member of the Executive Committee of Bayer MaterialScience. "We are therefore making targeted investments in the individual regions." For Europe, he expects a growth rate of 3 to 5 % in the coming years. Bayer CEO Dr. Marijn Dekkers stated on  further investments: "At Bayer MaterialScience alone, we intend to invest at least EUR 700 million in capital expenditures in Germany over the next three years," said Dekkers.

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