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11-26-2009: Bayer MaterialScience has entered into an agreement with Malibu Plastica (P) Limited, Ahmedabad, India, to set up a joint venture that will supply polycarbonate sheets to the Indian market. Bayer MaterialScience intends to further grow its business in the country. Subject to the relevant approvals, the new joint venture will be called Bayer Malibu Polymers Private Limited and be headquartered in Ahmedabad.
The alliance will enable Bayer MaterialScience to bring more of its products to the Indian market through leveraging Malibu’s production capacities, marketing expertise and sales and distribution channels.
“This partnership is going to be a growth platform for Bayer in India as we will be able to offer products from our global and diversified portfolio on the local market in line with customer requirements”, said Stephan Gerlich, Managing Director of Bayer in India, at the signing ceremony held in Ahmedabad.
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