Bayer MaterialScience LLC has acquired DuPont's Baytown, Texas, aniline production facility. With the acquisition, Bayer assumes responsibility for the facility's direct operating personnel. Financial terms were not disclosed.
Aniline is a primary feedstock used to manufacture methylene diphenyl diisocyanate (MDI), a versatile chemical used to produce rigid polyurethane foams for insulation in the construction industry, as well as coatings, adhesives, sealants, elastomers and binders.
The aniline facility is located within Bayer's Baytown plant - the company's largest manufacturing facility in the U.S. and a critical asset in its global manufacturing portfolio. Adding aniline production fully integrates the Baytown plant along the MDI value chain for enhanced production flexibility.
"North America is poised for strong MDI growth driven by recovery in the construction market, energy code advancement and home comfort trends," said Craig Caputo, vice president - polyurethanes regional product manager, Bayer MaterialScience LLC. "This strategic acquisition positions Bayer to meet this growing demand while further strengthening our leadership in the polyurethane industry."
The acquisition also reinforces Bayer's commitment to the Baytown facility. Over the last two years, Bayer has invested roughly $120 million in process, reliability, quality and environmental improvements at the plant, which in addition to MDI produces toluene diisocyanate (TDI) and polycarbonate.
Bayer Takes Over DuPont's Aniline Production Plant
Published March 5, 2014
Related Breaking News
- 43rd Annual Waterborne Symposium Announces Line-up
- CPI Unveils Survey Data of Polyurethanes Industry at 2015 Polyurethanes Technical Conference
- Sun Chemical Launches its Series of Pearlescent Pigments for Exterior Coatings
- Sika AG: Schenker-Winkler Holding Announces Challenge of Certain Decisions of Shareholders Meeting
Related Paint & Coatings Manufacturer News