MOSCOW (MRC) -- Bayer MaterialScience has successfully concluded a major capital expenditure project in Germany, said the company in its press release.
The company brought an ultra-efficient and resource-conserving world-scale plant for the production of the chemical TDI, a main component in high-quality foams, on stream at its site in Dormagen, located in the state of North Rhine-Westphalia.
Valued at some EUR250 million, the high-tech plant was inaugurated at a ceremony attended by representatives from politics, industry, public administration authorities and the local community.
Including infrastructure and supplier costs, total capital expenditure at Chempark Dormagen amounts to more than EUR 400 million. The site is to become Bayer MaterialScience’s European center for TDI production. Under construction for 30 months, the new plant replaces a smaller production unit for toluene diisocyanate (TDI). The chemical is used in the production of flexible polyurethane foams, which is used to produce many everyday articles including mattresses, car seats and upholstered furniture. Demand for TDI is expected to continue growing steadily worldwide in the years ahead.
Hannelore Kraft, governor of North Rhine-Westphalia, said at the inauguration ceremony, "The investment clearly illustrates the capability of Bayer's Dormagen site. But it is also an important signal about the international competitiveness of North Rhine-Westphalia as a center of the chemical industry." She added that the fact that Bayer also sent clear signals with respect to environmental protection is the way of the future. Another key factor for the success of the local chemical industry besides the funding of training and education is the strengthening of public acceptance. "Bayer did an exemplary job in terms of local public involvement."
As MRC wrote before, Bayer MaterialScience (BMS) plans to invest EUR 15 million in the construction of a production line at its Dormagen site, which will use CO2 to produce a precursor for premium polyurethane foam. The line will have an annual production capacity of 5,000 metric tons.
With 2013 sales of EUR 11.2 billion, Bayer MaterialScience is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. At the end of 2013, Bayer MaterialScience had 30 production sites and employed approximately 14,300 people around the globe. Bayer MaterialScience is a Bayer Group company.