Bayer to build a chemical plant in China
(China Daily)
Updated: 2006-05-15 10:51
Bayer AG, Europe's second biggest chemical maker, is seeking a bank loan of
up to US$800 million to build chemical plants in China.
The Germany-based
company will spend US$1.8 billion until 2009 on the construction of facilities
on a 1.5 square-kilometre site in Caojing, in Shanghai, which is China's largest
chemical industry park. The plants will produce raw materials, including MDI for
polyurethanes and polycarbonate for CDs. Bayer is expanding its manufacturing
capacity in China to meet growing demand for chemical goods for production in
China and the Asia-Pacific region.
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