Darmstadt site to close: Bayer MaterialScience consolidating polycarbonate business

01-Jul-2014 - Germany

As part of the worldwide consolidation of its business with sheets made of the high-performance plastic polycarbonate, Bayer MaterialScience has decided to close its site in Darmstadt, Germany. European customers will be supplied in the future by the plants in Nera Montoro, Italy, and Tielt, Belgium. The closure in Darmstadt affects 90 employees. The company will do everything possible to ensure that this step is conducted in a socially responsible manner.

Bayer MaterialScience currently produces sheets at ten locations. The consolidation has also led to decisions in the Asia/Pacific region. For example, the sheet business in Australia and New Zealand as well as the Laserlite brand name are being sold. Furthermore, sheet production in China was consolidated at the Guangzhou site; the Beijing site was closed.

Behind all of these consolidation measures is the current business situation. Market development in the overall polycarbonate business has changed dramatically in recent years, with new competitors and overcapacities exacerbated by insufficient demand from the customer industries. In light of this difficult situation, Bayer MaterialScience conducted a thorough review of its polycarbonate business model, which includes the global sheet business.

Based on the results of this analysis, it was decided that a consolidation of sheet activities in Europe was also necessary to ensure the long-term viability of the business as a whole and to remain competitive. Dr. Markus Steilemann, Head of the Polycarbonates Business Unit at Bayer MaterialScience, is optimistic about the future of the overall business. “The demand for the high-performance plastic polycarbonate continues to grow year-to-year and worldwide at rates that will soon wipe out the current overcapacities. By adjusting our alignment, we are strengthening our leading market position.”

https://www.chemeurope.com/en/news/148933/darmstadt-site-to-close-bayer-materialscience-consolidating-polycarbonate-business.html