Bayer MaterialScience and Teijin Chemicals sign letter of intent to supply each other with polycarbonate resins
Teijin Chemicals Ltd. and Bayer MaterialScience AG have signed a letter of intent (LOI) to supply each other with specific polycarbonate resin grades on a regional basis. This agreement will enable both companies to improve efficiency, enhance productivity and increase the availability of polycarbonate in the global market. Financial details of the agreement were not disclosed. Teijin Chemicals is producing Panlite® polycarbonate in Japan and Singapore. Bayer MaterialScience is producing Makrolon® polycarbonate in Germany, Belgium, USA and Thailand.
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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