Shanghai, China - Bayer MaterialScience has officially inaugurated its Asia-Pacific regional innovation hub at the Polymer Research & Development centre in Shanghai, China.
BMS said the hub offers a "state-of-the-art" facility based on Bayer's global standards for its polyurethane, polycarbonates and coatings businesses. The company plans to develop ideas, together with its customers, for the use of high-performance foams and coatings in sectors such as mobility, construction, IT and renewable energy.
"Our regional innovation hub will become a significant contributor to our overall global innovation network," said Patrick Thomas, CEO of Bayer MaterialScience in a 21 May news release.
He added, "Our vision is for it to become indispensable in terms of competencies, projects and products. We are aiming to reach a global innovation footprint for Bayer and its partners by exporting China-made technology to the rest of the world by 2020."
The regional innovation hub will provide support to R&D facilities in Korea, Taiwan, India and Japan, Bayer said. It is expected to employ more than 200 staff.