Bayer MaterialScience, Leverkusen, Germany, has announced plans
to invest €20 million in a new
aromatic and aliphatic polyisocyanate manufacturing facility ink India as part
of its strategy to grow its business in the country and strengthen its position
as a market leader in the supply of polyurethane raw materials. The new plant
in Ankleshwar (in the northwestern state of Gujurat) is scheduled to go online
The facility will produce Desmodul®
polyisocyanates, raw materials for the formulation of a variety of polyurethane
coatings, adhesives and sealants.
“This investment underlines our commitment to India and the region,” said Dr.
Joachim Wolff, head of the Coatings, Adhesives and Specialties (CAS) business
unit and member of the executive committee of Bayer MaterialScience. “The coatings
and adhesives sector continues to establish itself in India as its
economy grows. The Ankleshwar investment highlights our commitment to this
market and will strengthen our ability to meet demand in the future.”
Bayer MaterialScience also has a polyurethane systems house in India - its first in the country - which was
opened in Greater Noida, near New
Delhi, in 2007.
For more information, visit www.bayermaterialscience.com