Leverkusen, Germany - Bayer MaterialScience will invest a total of Euro 650 million ($863 million) in its Coatings, Adhesives, Specialities (CAS) business through to 2012, the company said during the recent European Coatings Show 2009 in Nuremberg.
Between 2009 and 2012 the company expects capital expenditures of at least Euro 200 million, with a further Euro 450 million earmarked for R&D, said Joachim Wolff, head of the Bayer's CAS business.
Having already opened a production plant for waterborne polyurethane dispersions in Shanghai recently, Bayer invested Euro 20 million in building a polyisocyanate production line in Ankleshwar in India in March 2009, which is expected to come online in 2011.
During the conference Wolff spoke about the company's concept for the future as well as preparations for when the market will see demand rise again. He said it is important to identify future market requirements and customer needs at an early stage, and to address them correctly.
Wolff also commented on how climate and environmental protection provide challenges the company must face through a number of different measures. He said that waterborne dispersions will play a key role, noting that he expects growth rates for polyurethane systems in particular to be above the market average in the future, not only with low-solvent, conventional systems but also especially with waterborne raw materials. (RD)