Bayer MaterialScience is to transfer EXATEC shares to GE Plastics


Bayer MaterialScience is to transfer its shares in EXATEC to GE Plastics. This transaction will be completed subject to the approval of the relevant antitrust authorities. No statement will be made concerning the financial aspects.

With this decision, Bayer MaterialScience has opted to carry out its own independent development of polycarbonate automotive glazing, a market that is set to enjoy future growth. EXATEC was founded in 1998 as a 50:50 joint venture between Bayer and GE with the aim of developing technologies to produce automotive glazing systems from polycarbonate. According to the company, the collaboration was instrumental in introducing polycarbonate to the market of automotive glazing. With immediate effect, Bayer MaterialScience will provide all customers with ongoing development of technologies for polycarbonate glazing and the tailor-made plastic Makrolon®.

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