Bayer opens new Shanghai base
By Wan Zhihong (China Daily)
Updated: 2006-09-06 09:23
SHANGHAI: German industrial giant Bayer opened the new production facilities
of its subgroup Bayer MaterialScience in Shanghai yesterday, launching the
company's biggest-ever project outside Germany.
Bayer AG
executives at the inauguration of the company's new Bayer MaterialScience
production facility in Shanghai yesterday. Inaugurating the facility is
Werner Wenning, chairman of the board of management of Bayer AG (third
from right), Hagen Noerenberg, chairman of the board of management of the
subgroup Bayer MaterialScience (second from right), Jrgen Dahmer, senior
Bayer representative for Greater China and senior representative for Bayer
MaterialScience in China (far right), and senior representatives from the
local government. |
The project, based at the
Shanghai Chemical Industry Park, will have a total investment of about US$1.8
billion by 2009.
It includes production plants for polycarbonate and
polyurethane.
This marks the first time all of Bayer MaterialScience's
major business units have established production bases with world-scale
capacities in China, said Werner Wenning, Bayer management board
chairman.
"This site will supply customers with approximately 900,000
tons of plastics products a year," he said.
"We aim to play a leading
role in advancing the Chinese plastics industry through our products,
technologies and employee training."
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