Coating Materials Bayer Material Science Builds Coating Material Plant in Germany
Bayer Material Science invest at its parent plant in Leverkusen, Germany, where the company began constructions for a new multipurpose coating materials plant.
Leverkusen/Germany – Bayer Material Science has begun the construction of a multipurpose plant for coating raw materials at Leverkusen Chempark industrial estate. The German company invests around € 35 million in the expansion of its production capacities for hexamethylene diisocyanate (HDI) and isophorone diisocyanate (IPDI), speakers said. Commercial operations are scheduled for 2013.
Bayer CEO Dr. Marijn Dekkers stressed that the new plant was 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," he said.
The new site will be integrated into Bayer's existing HDI and IPDI production plants at Leverkusen, speakers said, providing new technology for the production of both raw materials. "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."
One important area of application for both raw materials is high-quality polyurethane coatings for automotive finishing. Given increasing individual transportation worldwide, Bayer expects a rising demand for high-performance and durable coatings.