Polymer Foams Bayer Material Science Invests 45 Million Euro at Leverkusen Site
Bayer Material Science upgrades it headquarters at Leverkusen, Germany: The production sites at the company's main facility were outfitted with a new machinery at a technical center for the advancement of premium foams where also an additional production plant for coating materials entered service...
Leverkusen/Germany – "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 Material Science. "Furthermore," he added, "the company is expanding its competence in developing new applications and manufacturing processes for its materials in close collaboration with customers." The total investment in both is more than € 45 million.
New Multipurpose Production Plant for 35 Million Euro
To meet the rising demand for coating and adhesive raw materials , Bayer is expanding the production capacity for the precursors HDI and IPDI, which likewise are based on polyurethanes. The company invested a year and a half construction time and € 35 million in a newly commissioned multipurpose plant in Leverkusen that can produce either of the raw materials depending on demand.
"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."