MOSCOW (MRC) -- Bayer MaterialScience, polymers and high-performance plastic maker, has officially inaugurated its regional innovation hub Asia Pacific at the Polymer Research & Development Center (PRDC) in Shanghai, China, as per GV.
The hub offers a state-of-the-art facility for its polyurethane, polycarbonates and coatings businesses, where saff will work with customers to develop novel ideas for the use of high-performance plastics, foams and coatings in key sectors such as mobility, construction, IT and renewable energy.
"Our vision is for it to become indispensable in terms of competencies, projects and products. We are aiming to reach a global innovation footprint for Bayer and its partners by exporting China-made technology to the rest of the world by 2020," said Patrick Thomas, CEO of Bayer MaterialScience.
The innovation hub will employ more than 200 staff and provide support to R&D facilities in Korea, Taiwan, India and Japan. It is expected to represent a full range of R&D expertise. It will also be supported by a strong network of production sites in Asia Pacific with major production sites in Shanghai, Map Ta Phut (Thailand) and Niihama (Japan).
Asia Pacific is among the strongest growth regions for Bayer MaterialScience and accounted for EUR 3.15 billion sales in 2012. This growth is mainly driven by increasing demand from infrastructure projects and domestic demand for cars, electronic consumer goods and new housing from an affluent emerging middle class. Greater urbanization further drives construction and mobility demands. At the same time, the ever increasing demand for energy prompts governments to look at sustainable energy generating technologies, among them energy from renewable resources such as wind and solar energy.
As MRC informed previously, Bayer MaterialScience (BMS) has bought the polycarbonate sheet business of Arkema Inc., the U.S. subsidiary of the French firm Arkema Group. The terms of the deal were not disclosed. According to BMS, the transaction includes the acquisition of Arkema’s Tuffak brand, which is used in such markets as aerospace, transportation and heavy equipment.
MRC