Bayer to build factory complex
By Wang Ying (China Daily)
Updated: 2006-03-30 14:52 German petrochemical giant,
Bayer AG, will spend US$1.8 billion building a petrochemical complex in Shanghai
over the next four years, senior executives said yesterday.
Bayer MaterialScience, which makes petrochemical materials, will be based at
the Shanghai Chemical Industry Park. This venture will be the largest and most
modern polyurethane operation in the world, Frank Grunert, vice-president of
Bayer MaterialScience's Asia-Pacific business, told reporters yesterday in
Beijing.
The total investment includes the world's largest facility to produce
polyurethane raw materials, plants to produce other petrochemical products, as
well as infrastructure and logistics.
(For more biz stories, please visit Industry Updates) |