Shanghai - 24 March 2014 - Bayer MaterialScience held a groundbreaking ceremony for a new hexamethylene diisocyanate (HDI) plant in Shanghai, China. With an annual capacity of 50,000 metric tons, it will be the one of the largest facilities of its kind in the world, with completion scheduled for 2016. Bayer already has one HDI plant in Shanghai, which was expanded in 2013 from its original annual capacity of 30,000 metric tons.
“The construction of our new HDI plant documents our confidence in the Asia/Pacific market and China, in particular,” said Daniel Meyer, who heads the Coatings, Adhesives, Specialties (CAS) Business Unit at Bayer MaterialScience. “We are determined to continue to grow here in harmony with the rising demand in the region for innovative solutions for polyurethane-based coatings and adhesives.”
“The HDI plant represents a major advancement in polyurethane production,” said Dr. Tony Van Osselaer, Head of Industrial Operations at Bayer MaterialScience. “Shanghai is one of our largest production sites, and we are represented there by all of our business units. Building the plant at this site allows us to make full use of the synergies offered by our global production network.”
With 2013 sales of EUR 11.2 billion, Bayer MaterialScience is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. At the end of 2013, Bayer MaterialScience had 30 production sites and employed approximately 14,300 people around the globe. Bayer MaterialScience is a Bayer Group company.