MOSCOW (MRC) -- Bayer MaterialScience expands technology and production by investing in a new ultra-modern technical centre for polyurethane foams and new production plant for coating raw materials, reported GV.
With the latest equipment for product development and the expansion of its production capacity, materials manufacturer BMS has outfitted a technical centre for the advancement of premium foams with ultra-modern machines and systems. An additional production plant for coating raw materials has also come on stream to supply demand from another global growth market. The total investment in both is more than EUR 45 million.
Many challenges can be met with polyurethane foam, including the insulation of buildings and refrigeration systems, or for components that make cars lighter, more fuel efficient and more comfortable.
As a leading manufacturer of polyurethane precursors, BMS will test innovative solutions and processes at its new, EUR 10 million, technical centre in Leverkusen. In the medium to long term, the company expects the global polyurethane market to continue growing at an average annual rate of about 5 %.
The global market for coating and adhesive raw materials is also on a growth course, and will likely increase by an average of roughly 4% per year. To meet the rising demand, BMS has expanded its production capacity for the precursors HDI and IPDI for polyurethane based coatings. The company has invested 18 months and EUR 35 million in the construction of the newly commissioned multipurpose plant in Leverkusen. The production process used is very environmentally compatible and highly efficient.
We remind that, as MRC informed previously, Bayer MaterialScience has opened its first Polymer Development & Technology Center in South Korea, with a goal of developing new polycarbonate applications for Korean firms. Located in Yongin, near Seoul, the new center adds to Bayer's global network of research and development hubs, and is supported by its network of major production sites in the Asia Pacific region.
Headquartered in Pittsburgh, Pa., BMS is part of the global Bayer MaterialScience business with approximately 14,800 employees at 30 production sites around the world. The company’s 2011 sales in North America were USD2.9 billion.
MRC