Business Unit Heads to become members of Executive Committee

15-02-2007

Bayer MaterialScience is to redefine its organizational structure effective March 1, 2007. The Board of Management of Bayer AG has decided to consolidate strategic and operational management of the subgroup in an Executive Committee comprising the four members of the current Board and the ...

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Leiter der Business Units erhalten Sitze im Executive Committee

14-02-2007

Bayer MaterialScience erhält zum 1. März 2007 eine neue Führungsstruktur. Der Vorstand der Bayer AG hat entschieden, die strategische und operative Leitung des Teilkonzerns in einem Executive Committee zu bündeln, in dem neben den vier Mitgliedern des Vorstands auch die Leiter der Business ...

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07-02-2007

Bayer MaterialScience AG intends to boost the annual capacity of the planned plant for producing toluene diisocyanate (TDI) in Shanghai from 160,000 to 300,000 tons. According to the company, this Bayer subgroup is harnessing an innovative process technology in the construction that, among ...

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19-01-2007

With immediate effect, Bayer MaterialScience is raising the selling prices for the aromatic polyisocyanates Desmodur® L, Desmodur® IL and Desmodur® HL in the Europe, Middle East and Africa (EMEA) region by Euro/kg 0.30. The price increase is necessitated by a declining profitability of these ...

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04-01-2007

Patrick Thomas (49) was appointed Chairman of the Board of Management of Bayer MaterialScience AG on January 1, 2007. Thomas succeeds Dr. Hagen Noerenberg, who ended his active employment with the Bayer Group as planned at the end of 2006. Patrick Thomas was born on September 30, 1957 in ...

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03-01-2007

Bayer MaterialScience LLC (BMS) has lifted Force Majeure regarding its ability to supply toluene diisocyanate (TDI) products in North America, effective January 1, 2007. "We recognize the effect the Force Majeure situation has had on all of our customers," said Jerry MacCleary, BMS Senior ...

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Additional EUR 80 million invested in China and India

11-12-2006

As demand for Makrolon® continues to rise, Bayer MaterialScience AG is steadily increasing polycarbonate production around the world. And at the end of 2006, the company will be producing 1,200,000 tons of Makrolon® a year. Additional international spending of around EUR 80 million is to be ...

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Proceeds will help to finance the Schering acquisition

27-11-2006

The Bayer Group plans to sell its subsidiary H.C. Starck to a consortium formed by financial investors Advent International and The Carlyle Group for approximately EUR 1.2 billion. As planned, the proceeds will help to finance the acquisition of Schering. The transaction value comprises a ...

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24-10-2006

Bayer MaterialScience will acquire Taiwan's Ure-Tech Group. According to Bayer the company will become the world's largest supplier and solutions provider of TPU resins and films with this acquisition. The deal is subject to regulatory approval by the cartel office and is expected to be ...

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13-10-2006

The methylene diphenyl isocyanate (MDI) facility at the Bayer MaterialScience plant in New Martinsville, W.Va., with an annual design capacity of 160 million pounds (approx. 73kt), will close on June 30, 2007. Approximately 230 positions will be affected by the closure. "The economies of ...

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