SHANGHAI: German industrial giant Bayer opened the new production facilities of its subgroup Bayer MaterialScience in Shanghai yesterday, launching the company's biggest-ever project outside Germany.

Bayer AG executives at the inauguration of the company's new Bayer MaterialScience production facility in Shanghai yesterday. Inaugurating the facility is Werner Wenning, chairman of the board of management of Bayer AG (third from right), Hagen Noerenberg, chairman of the board of management of the subgroup Bayer MaterialScience (second from right), Jrgen Dahmer, senior Bayer representative for Greater China and senior representative for Bayer MaterialScience in China (far right), and senior representatives from the local government.

The project, based at the Shanghai Chemical Industry Park, will have a total investment of about US$1.8 billion by 2009.
It includes production plants for polycarbonate and polyurethane.

This marks the first time all of Bayer MaterialScience's major business units have established production bases with world-scale capacities in China, said Werner Wenning, Bayer management board chairman.

"This site will supply customers with approximately 900,000 tons of plastics products a year," he said.

"We aim to play a leading role in advancing the Chinese plastics industry through our products, technologies and employee training."

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