Bayer constructs new plant for coating raw materials
Bayer MaterialScience, a Bayer Group company, has started construction of a multipurpose facility to produce polyurethane coating for raw materials at Leverkusen, Germany.
Bayer said it is investing €35m ($45.2m) in the expansion of its production capacities for hexamethylene diisocyanate (HDI) and isophorone diisocyanate (IPDI), for which commercial operations are scheduled for 2013.
The new multipurpose plant will be integrated into existing HDI and IPDI production at the Leverkusen site and uses new process technologies for the efficient production of raw materials, which are primarily used for automotive and industrial purposes, textile coatings and adhesives.
Bayer CEO Marijn Dekkers said at Bayer MaterialScience alone, they intend to invest at least €0.7bn ($0.9bn) in capital expenditures in Germany over the next three years.
Bayer MaterialScience Coatings, Adhesives, Specialties Business Unit head Daniel Meyer said they must adjust their capacities accordingly if they are to meet the rising demand for coating and adhesive raw materials.
"We are therefore making targeted investments in the individual regions in order to maintain or further expand our market position," Meyer said.
Bayer Central Works Council chairman Thomas de Win said the high-tech facility will also enhance the competitiveness of the Leverkusen site, including internationally, due not least to the fact they have a well-trained workforce in the region that can operate such a facility professionally and safely.
Bayer MaterialScience is focussed on the manufacture of high-tech polymer materials and development of solutions for products used in the automotive, electrical and electronics, construction and sports and leisure industries.
Bayer MaterialScience is also involved in the other businesses, including polycarbonates and coatings, adhesives and specialties.