Coatings in China
22 Jan 2001
Bayer is investing in the production of polyurethane coating materials in the People's Republic of China. New large-scale production facilities are to be built in the Shanghai area at a cost of $110 million. Construction is scheduled to begin in the spring.
The first phase of construction will create 11,500 tons per year of TDI- and HDI-based polyisocyanates, with expansion to 20,000 tons planned for the medium term. The capital expenditure for this first phase will amount to $50 million.
The second phase will involve the construction of production facilities for the HDI precursor, at an additional cost of US$ 60 million. This will complement a 30,000 tons-a-year HDI plant already being built in Leverkusen that is due on stream in 2002.
To support its market activities in the fields of coating raw materials, polyurethanes and plastics, Bayer will open a technical service centre for polymers in Shanghai in mid-2001.
