"In keeping with our mission statement, Science For A Better Life, our company develops innovative and sustainable solutions as answers to global megatrends," said Bayer CEO Dr. Marijn Dekkers. "One example is increasing mobility around the world, resulting in rising demand for high-performance automotive coatings. With this investment, Bayer underscores its commitment to the Leverkusen site and to our region."
The CEO stressed that the new plant is just one element of the company’s investment planning. "At Bayer MaterialScience alone, we intend to invest at least €700 million in capital expenditures in Germany over the next three years," said Dekkers.
"We must adjust our capacities accordingly if we are to meet the rising demand for coating and adhesive raw materials," said Daniel Meyer, head of the coatings, adhesives, specialties business unit and member of the executive committee of Bayer MaterialScience. "We are therefore making targeted investments in the individual regions in order to maintain or further expand our leading market position."
The new multipurpose plant will be integrated into existing HDI and IPDI production at the Leverkusen site and uses modern and innovative process technologies for the efficient production of both raw materials.
One important area of application for both raw materials is high-quality polyurethane coatings for automotive finishing. Given increasing individual transportation worldwide, there is a demand for high-performance and durable coatings that are also environmentally friendly. Bayer MaterialScience has developed innovative products for this application based on HDI and IPDI, which also enable the formulation of low-solvent coatings. The two raw materials are also used in industrial coatings, textile coatings and adhesives.