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Bayer does not stop investment in China
 

Bayer MaterialScience in the Chongqing Municipality today announced the signing of a new color effects and design center of polycarbonate and a polyurethane system material factories.

    Bayer's polycarbonate business unit under the Asia-Pacific head of RainerRettig held in Guangzhou in with Chinaplas (Chinaplas2011) held a news conference the same period revealed the plan.

    Rettig said: "Shanghai and Guangzhou has always been rooted in the enterprise are now in the western region of Chongqing in the establishment of production capacity. We keep our customers in the local support for their production."

    Despite the absence of the Bayer Chinaplas this year, but Bayer has not consistently in the past six months, the pace of continuous investment in China.

    Last December, Bayer announced plans in 2016 to its Shanghai plant to double production capacity of MDI polyurethane raw materials. Bayer is also prepared to spend 110 million euros in 2012 (1.55 billion U.S. dollars) to build the downstream plant. In addition, Bayer is also the global headquarters to Shanghai polycarbonate.

    MarijnDekkers Bayer Group Chairman, said in a statement: "We strive to Bayer's 2015 total group sales in Greater China increased to about 50 billion euros. Is expected to at least half of them will come from Bayer MaterialScience. "

    Although Rettig said Bayer, "has been committed to expand business in China", China's booming domestic market prompted Bayer to consider further expanding the scale in China. After expansion of the Shanghai plant will reach 50 million tons of annual capacity, add two production lines. Rettig said that in a phase of expansion will be a new installation of two production lines, then 2016 will be phased elimination of production bottlenecks, the new 2016 capacity will be put into full production run.

    Rettig said: "Right now, China is still material importer. We still have a lot of materials imported from Europe." By expanding production capacity, Rettig hope the production closer to customers.

    He said: "We want China to achieve self-sufficiency in supply of materials."

    Rettig said that while investment in upstream and downstream plants in China reflects the dual strategy of Bayer. Bayer hopes to provide material goods, while adding value for customers.

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