Bayer MaterialScience to Build New Facility in Shanghai

Note: Bayer MaterialScience's CEO Gregory Babe will speak at theIW Best Plants Conference on April 5.

Bayer MaterialScience will construct a new world-scale production facility for the coating raw material isophorone diisocyanate (IPDI) at its integrated site in Shanghai, China.

IPDI is used as a raw material primarily in high-grade polyurethane coatings for applications such as for automotive finishing.

The company will invest $92 million. The plant is scheduled to opne in 2015.

The project is part of the company's expansion of its production capacities in China.

Bayer MaterialScience has 30 production sites and employed approximately 14,400 people around the globe.