Bayer MaterialScience and Teijin Chemicals sign letter of intent to supply each other with polycarbonate resins
Both companies have new polycarbonate production plants under construction in China. Initially, as part of the agreement, Bayer and Teijin have agreed to supply each other with specific types of polycarbonate resin for specific application. Teijin Chemicals is planning to start Panlite® polycarbonate production in Jiaxing city, Zhejiang District in April 2005. Bayer will start its Makrolon® polycarbonate production in the Shanghai Chemical Industry Park in mid-2006. The cooperative range can be expanded depending upon the degree of its progress.
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