(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 Bayer’s
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 today’s 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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