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Bayer MaterialScience Completes Three-year TDI Consolidation Process

Published on 2005-06-14. Author : SpecialChem

LEVERKUSEN -- Bayer MaterialScience AG has concluded a consolidation process started three years ago for toluene diisocyanate (TDI) and its precursors. Production is now concentrated at three integrated world scale plants in Baytown (USA), Brunsbüttel and Dormagen, where the world's largest plant for the starting product, TDA, was inaugurated in 2003. The company invested over EUR 300 million in world scale plants during this period. TDI is used to manufacture polyurethane flexible foam, large quantities of which are consumed in the production of upholstered furniture, mattresses and car seats.

Bayer MaterialScience is planning to open yet another world scale production facility in Caojing, China. It is scheduled to commence operation in 2009 with a capacity of 160,000 tons per year. The project is part of a total investment package amounting to some USD 1.8 billion for the Caojing site. The new facility will be equipped with the latest technology, feature an innovative energy management concept and boast resource-conserving production processes.

"By concentrating our capacities at high-output facilities with innovative processes, we are ideally equipped for the future as market leader and can above all manufacture our products cost-efficiently. We are now in a position to reliably support the growth of our customers with superior quality products and expand our leading role in the world market thanks to optimized cost structures," remarked Peter Vanacker, head of the Polyurethanes Business Unit at Bayer MaterialScience.

The closing of the TDI facility in New Martinsville, USA, marks the last step in the consolidation process. Over the last three years, production activities were also discontinued at plants in Antwerp (Belgium), Coatzacoalcos (Mexico), Leverkusen (Germany) and Niihama (Japan).

Bayer MaterialScience is a Bayer Group company. With sales of EUR 8.6 billion in 2004, it is a leading manufacturer of high-tech materials and innovative system solutions used in products found in many areas of everyday life. The majority of sales today are generated by products holding leading positions in the world market. Industries served include automotive manufacturing and supply, electrical engineering and electronics, construction and home products, and sports and leisure. Bayer MaterialScience has 40 production sites around the globe and employs some 17,900 people.

This news release contains forward-looking statements based on current assumptions and forecasts made by Bayer Group management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in our public reports filed with the Frankfurt Stock Exchange and with the U.S. Securities and Exchange Commission (including our Form 20-F). The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

Source: Bayer MaterialScience AG


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