Leverkusen, Germany -- Bayer MaterialScience announced 29 March that it plans to construct a new world-scale facility for the coating raw material isophorone diisocyanate (IPDI) at its integrated site in Shanghai, China.
The planned investment in this unit is Euro 65 million ($92 million). BMS expects to inaugurate the plant in 2015.
The project is part of a Euro 1000 million investment to expand its production capacities in China.
In fact, BMS points out, this investment raises the group's total investment in China is increased to more than Euro 3000 million.
IPDI is used as a raw material primarily in high-grade polyurethane coatings for applications such as for automotive finishing.