CHINA: Bayer to Set Up Polymer Technical Center in China
To provide optimal support for its increasing number of customers in China, Bayer will establish a technical service center for applied polymer technology in Shanghai. The planned investment of about 10 million euro (US$10 million) will bring Bayer's expertise in applications technology along with research and development in the polymer field to Shanghai and China.The technical center will complement Bayer's existing polyol formulation and polycarbonate sheet manufacturing in China and provide a customer interface for the group's planned integrated chemical site in the Shanghai Chemical Industry Park Caojing. The plans at the Caojing site include a 430 million euro (US$450 million) polycarbonate production facility for which a Letter of Intent was signed in November 1999. Additional world-scale production units for polyurethane and coating raw materials, chemicals and rubber are presently under negotiation.Speaking at the groundbreaking ceremony for the technical center in Shanghai today, Mr. Reinhard Clausius, head of Marketing in Bayer's Polyurethanes Business Group, said: "A competitive edge in production and quality, combined with comprehensive applications technology services to our customers, is the winning formula which will lead to significant advancements in the processing and application of polymers." With the establishment of the Polymer Technical Center in Shanghai, Bayer is taking this formula to China in order to support the development of the domestic automotive, appliances, electronics, construction, shoe and furniture industries.Total sales in the range of 500 million euros (US$535 million) in 1999 make China Bayer's second largest individual market in Asia. With its above-average growth potential, the country has become a regional focus of the group's capital expenditure program.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Help test our new apparel sourcing tool.
- Trump and the apparel industry – Infographic
- Apparel factory auditing is in the firing line
- How US border adjustment tax could affect apparel
- British Brexit plans prioritise tariff-free trade
- NRF 2017 – Retail tech launches and developments
- New project to digitalise European fashion chains
- Brands need to tackle Turkey factory refugee abuse
- JC Penney to roll out hundreds of Nike "shops"
- Patagonia launching circular economy platform
- Limited Stores files for bankruptcy protection
- Outdoor performance apparel 2016: A broader perspective
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Anti-odour clothing: fresh fashion for an active lifestyle
- Global apparel markets: product developments and innovations, October 2016
- Global market review of lingerie – forecasts to 2022