Bayer MaterialScience expands technology and production
New production plant for coating raw materials commissioned
These steps illustrate the company’s adherence to its market-oriented investment policy. “This allows us to supply key industries more precisely and with higher volumes of exactly the products they need,” said Patrick Thomas, CEO of Bayer MaterialScience. “Furthermore,” he added, “the company is expanding its competence in developing new applications and manufacturing processes for its materials in close collaboration with customers.” For example, Bayer MaterialScience helps to cope with challenges such as increasingly scarce natural resources, rising mobility and growing urbanization.
These trends can be met with polyurethane foam, for instance to insulate buildings and refrigeration systems, or for components that make cars lighter, more fuel efficient and more comfortable. As a leading manufacturer of polyurethane precursors, Bayer MaterialScience tests innovative solutions and processes at its new technical center in Leverkusen. It is equipped with the latest machines, enabling high efficiency and productivity in product development. Bayer MaterialScience has invested over EUR 10 million in the test center. In the medium to long term, the company expects the global polyurethane market to continue growing at an average annual rate of about five percent.
Multipurpose plant for EUR 35 million
The global market for coating and adhesive raw materials is also on a growth course, and will likely increase by an average of roughly four percent per year. To meet the rising demand, Bayer MaterialScience is expanding production capacity for the precursors HDI and IPDI, which likewise are based on polyurethanes. The company invested a year and a half and EUR 35 million in the construction of a newly commissioned multipurpose plant in Leverkusen that can produce either of the raw materials depending on demand. The process is very environmentally compatible and highly efficient.
“With the production facility and the new technical center, we have set the course for strengthening our leading position as a developer and manufacturer of premium, chemistry-based materials,” said Thomas. “Despite the current challenges, such as high energy and raw material costs and rising global competition, Bayer MaterialScience continues to have good prospects for long-term, profitable growth.”
Other news from the department manufacturing
Get the chemical industry in your inbox
From now on, don't miss a thing: Our newsletter for the chemical industry, analytics, lab technology and process engineering brings you up to date every Tuesday and Thursday. The latest industry news, product highlights and innovations - compact and easy to understand in your inbox. Researched by us so you don't have to.