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The Bayer Group to expand its production, distribution network and research activities in Asia

November 16/2011

(Bayer) -- The Bayer Group plans to further expand its production, distribution network and research activities in Asia and considerably increase its sales in the region in the coming years. We aim to achieve a more than 60 percent increase in our sales in Asia by 2015, Management Board Chairman Dr. Marijn Dekkers said on Wednesday at Bayers international press conference Perspective on Growth in Asia, held in Shanghai, China. This would mean annual sales of well over EUR 11 billion by 2015 at todays exchange rates. Of this figure, Greater China is planned to account for some EUR 6 billion. Dekkers officially inaugurated a new production facility for TDI a raw material for the production of flexible foams at the Bayer Integrated Site Shanghai.

Perspectives of development of polymer markets, pricing issues and other important aspects will be discussed at The Polymers Summit-2011, which will be held in Moscow on November 30, 2011 at the Ritz Carlton Hotel. The Summit will be organized by MRC with the support of ICIS. The main idea of the Summit is to find a "the golden mean" between producers and converters. When producers receive exactly such margin of production, which helps them to invest in production expansion in order to substitute polymers imports, and the converters receive such price of feedstock that helps them to compete imported finished products. The Summit site gives an access to the live video of the Summit, speakers" presentations, as well as opportunities to ask questions or make appointments to any Summit partcipant.

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