The chemicals and plastics supplier intends to invest €110 million in projects designed to help increase its presence in the China's plastics industry. The funds will go towards PUR systems houses, a PC sheet extrusion plant, and a PC color compounding capacity and design center.
The investment, slated for completion by 2012, will see Bayer Material Science (Leverkusen, Germany) build five new facilities in China to serve what it called "the booming manufacturing sector in the country." The facilities comprise three polyurethanes (PUR) systems houses, a new polycarbonate (PC) sheet facility and a polycarbonate color compounding and design center. The three new PUR systems houses are to be built in Shanghai, Qingdao and Chongqing, the new color compounding and design center in Chongqing, and the sheet facility is planned in Guangzhou....