China: Bayer MaterialScience investing EUR 1 bn in Shanghai.

As announced, Bayer AG is to expand its plastics business in China. Around EUR 1 bn will thus be invested in Shanghai by 2016. Bayer expects its customer industries in Asia/Pacific to continue growing. The company's MDI capacity will be more than doubled to 1 M tonnes/y and PC capacity to 500,000 tonnes/y. This will be achieved by erecting new plants and expanding existing ones. Research and development activities are also to be strengthened. The head office of the polycarbonate division will move from Leverkusen to Shanghai. Bayer will thus achieve greater …