Bayer MaterialScience builds new production facilities in China
A sum of around US$ 3.1 billion has been earmarked for investment in the integrated production site of Caojing near Shanghai, of which Bayer has allocated US$ 1.8 billion for the construction of new facilities for polymer production. Work has already started on some of the projects. "The Chinese market is key for our global growth strategy," said Dr. Noerenberg in Caojing. "With these large local production facilities, we will be able to serve our regional customers even better. We are thus set to increase our long-term competitiveness in this key market."
The HDI project involves a total capacity of up to 50,000 t/a and an investment of around US$ 100 million. This will make Caojing the biggest Bayer production site for coating materials in Asia-Pacific. HDI is a precursor product for aliphatic polyisocyanates, which are used as raw materials in high-quality polyurethane-based coatings. Such systems are applied predominantly in automotive, industrial and plastics coatings. By 2006, a production capacity of 30,000 t/a HDI will initially be built, and, depending on how the market develops in the region, the capacity can then be extended by 20,000 t/a in a second construction phase.
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