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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Bayer MaterialScience Plans Downstream Investments Across China by 2012

8:45 AM MST | November 19, 2010 | —DEEPTI RAMESH

Bayer MaterialScience says it plans to invest €110 million ($149 million) to build five new downstream facilities in China by 2012. The facilities include three polyurethanes (PU) systems houses, at Shanghai, Qingdao, and Chongqing; a polycarbonate (PC) color compounding and design center at Chongqing; and a PC sheet facility at Guangzhou. Bayer says the projects will increase its downstream presence considerably in what has become the company’s second-largest market worldwide. “Manufacturing activity is no longer limited to the east and south of China,”...

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