High-tech plastic from Bayer driving investment
The sharply rising global demand for the high-tech plastic Apec® from Bayer MaterialScience is spawning major investment in eastern Germany. Another plant for the production of a key precursor for Apec® is currently under construction in the chemical industry center of Bitterfeld of a cost of approximately EUR 50 million. The operator is Hi-Bis GmbH.
The joint venture, in which Bayer MaterialScience also holds an interest, is doubling its production capacity there. Ground was broken on Monday, and the plant is scheduled to come on stream in mid-2014.
Apec®, which is particularly heat resistant, is used in automotive lighting, lighting technology, the electrical and electronics industry and in household appliances. The transparent Bayer plastic is particularly well suited for articles with demanding optical requirements that must withstand high temperatures. Examples include the lenses of automotive headlights, housings for light fittings or hot air nozzles in hair dryers. Sales of the material are growing significantly faster than the overall plastics market, which is expected to grow at a rate of five percent per year in the medium term. Bayer MaterialScience produces Apec® at it site in Antwerp, Belgium.
Hi-Bis in Bitterfeld manufactures a key component for it, so-called special bisphenols. The Japanese-German joint venture brought an initial production facility for these materials on stream in 2004. The capacity expansion was made necessary by the steadily rising demand for Apec®. This expansion will ensure that we can continue to meet the needs of the market, said Dr. Ralf Echterhoff, head of Production and Technology in the Polycarbonates Business Unit of Bayer MaterialScience. The company holds a ten percent interest in Hi-Bis.
The remaining shares are held by the Japanese conglomerate Mitsui & Co (35 percent) and its Honshu Chemical Industry subsidiary (55 percent). The Bayer Group maintains an important production site in Bitterfeld, which is also home to other companies from the chemical and pharmaceutical industries. With 2011 sales of EUR 10.8 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 2011, Bayer MaterialScience had 30 production sites and employed approximately 14,800 people around the globe. Bayer MaterialScience is a Bayer Group company.