BAYER AG 
By
Friday - January 20, 2012
Construction starts at Chempark Leverkusen:
Bayer MaterialScience builds multipurpose plant for coating raw materials
Total investment of roughly EUR 35 million / Efficient and flexible production of HDI and IPDI / Rising demand for high-performance polyurethane automotive coatings
Leverkusen, January 20, 2012 - Bayer MaterialScience has
begun construction of a multipurpose production plant for
polyurethane coating raw materials at Chempark Leverkusen.
The products hexamethylene diisocyanate (HDI) and
isophorone diisocyanate (IPDI) are used primarily for
high-quality and environmentally friendly automotive and
industrial coatings. The company is investing roughly EUR
35 million in the expansion of its production capacities,
thus strengthening the site and securing jobs at the same
time. The plant is scheduled to come on stream in fall
2013.
"In keeping with our mission statement, Science For A Better Life, our company develops innovative and sustainable solutions as answers to global megatrends," said Bayer CEO Dr. Marijn Dekkers in Leverkusen on Friday. One example is increasing mobility around the world, resulting in rising demand for high-performance automotive coatings. With this investment, Bayer underscores its commitment to the Leverkusen site and to our region." The CEO stressed that the new plant is just one element of the company's investment planning. "At Bayer MaterialScience alone, we intend to invest at least EUR 700 million in capital expenditures in Germany over the next three years," said Dekkers.
"We must adjust our capacities accordingly if we are to meet the rising demand for coating and adhesive raw materials," said Daniel Meyer, Head of the Coatings, Adhesives, Specialties Business Unit and member of the Executive Committee of Bayer MaterialScience. "We are therefore making targeted investments in the individual regions in order to maintain or further expand our leading market position."
The new multipurpose plant will be integrated into existing HDI and IPDI production at the Leverkusen site and uses modern and innovative process technologies for the efficient production of both raw materials. This will enable the company to supply its customers even more flexibly and quickly than before.
"This investment is a commitment by Bayer to Germany as its home site," said Thomas de Win, Chairman of the Bayer Central Works Council. "The high-tech facility will also enhance the competitiveness of the Leverkusen site, including internationally, due not least to the fact that we have an extremely well-trained workforce here in the region that can operate such a facility professionally and safely. This is further evidence that training is worthwhile and pays off."
One important area of application for both raw materials is high-quality polyurethane coatings for automotive finishing. Given increasing individual transportation worldwide, there is a demand for high-performance and durable coatings that are also environmentally friendly. Bayer MaterialScience has developed innovative products for this application based on HDI and IPDI, which also enable the formulation of low-solvent coatings. The two raw materials are also used in industrial coatings, textile coatings and adhesives.
About Bayer MaterialScience:
With 2010 sales of EUR 10.2 billion, Bayer MaterialScience is among the world's largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. At the end of 2010, Bayer MaterialScience had 30 production sites and employed approximately 14,700 people around the globe. Bayer MaterialScience is a Bayer Group company.
This news release is available for download from the Bayer MaterialScience press server at . From approx. 5 pm (Leverkusen local time), photos can be downloaded from the news server as well.
.
Forward-Looking Statements
This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer Group or subgroup management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer's public reports which are available on the Bayer website at . The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
"In keeping with our mission statement, Science For A Better Life, our company develops innovative and sustainable solutions as answers to global megatrends," said Bayer CEO Dr. Marijn Dekkers in Leverkusen on Friday. One example is increasing mobility around the world, resulting in rising demand for high-performance automotive coatings. With this investment, Bayer underscores its commitment to the Leverkusen site and to our region." The CEO stressed that the new plant is just one element of the company's investment planning. "At Bayer MaterialScience alone, we intend to invest at least EUR 700 million in capital expenditures in Germany over the next three years," said Dekkers.
"We must adjust our capacities accordingly if we are to meet the rising demand for coating and adhesive raw materials," said Daniel Meyer, Head of the Coatings, Adhesives, Specialties Business Unit and member of the Executive Committee of Bayer MaterialScience. "We are therefore making targeted investments in the individual regions in order to maintain or further expand our leading market position."
The new multipurpose plant will be integrated into existing HDI and IPDI production at the Leverkusen site and uses modern and innovative process technologies for the efficient production of both raw materials. This will enable the company to supply its customers even more flexibly and quickly than before.
"This investment is a commitment by Bayer to Germany as its home site," said Thomas de Win, Chairman of the Bayer Central Works Council. "The high-tech facility will also enhance the competitiveness of the Leverkusen site, including internationally, due not least to the fact that we have an extremely well-trained workforce here in the region that can operate such a facility professionally and safely. This is further evidence that training is worthwhile and pays off."
One important area of application for both raw materials is high-quality polyurethane coatings for automotive finishing. Given increasing individual transportation worldwide, there is a demand for high-performance and durable coatings that are also environmentally friendly. Bayer MaterialScience has developed innovative products for this application based on HDI and IPDI, which also enable the formulation of low-solvent coatings. The two raw materials are also used in industrial coatings, textile coatings and adhesives.
About Bayer MaterialScience:
With 2010 sales of EUR 10.2 billion, Bayer MaterialScience is among the world's largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. At the end of 2010, Bayer MaterialScience had 30 production sites and employed approximately 14,700 people around the globe. Bayer MaterialScience is a Bayer Group company.
This news release is available for download from the Bayer MaterialScience press server at . From approx. 5 pm (Leverkusen local time), photos can be downloaded from the news server as well.
.
Forward-Looking Statements
This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer Group or subgroup management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer's public reports which are available on the Bayer website at . The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
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