What’s new at Bayer?

What’s new at Bayer?

buildingsBayer Pearl builds up new state-of-the-art facility in Dubai

Dubai, 11 May, 2014 - Bayer Pearl, a polyurethane systems house joint venture between Bayer MaterialScience AG and Pearl Insulation Materials Industries LLC established in 2007, plans a significant investment including new technology and production. Following the decision to relocate the regional offices and production facilities to Dubai Investment Park, Bayer Pearl has now engaged Amana Contracting and Steel Buildings to build the new state-of-the-art facility at the Investment Park. The new facility is expected to be completed in 2015.
The new site will feature research, development, and application laboratories as well as advanced manufacturing technologies and a demonstration centre displaying the broad range of high-tech materials. Various high-tech Polyurethane solutions will be showcased that allow communities to cope with challenges such as increasingly scarce natural resources, rising mobility and growing urbanization. Such trends can be met with polyurethane foam, for instance to insulate buildings and refrigeration systems, or for components that make cars lighter, more fuel efficient and more comfortable. The ground breaking for the project is planned in June 2014.

"The Middle East is one of the fastest growing economies in the world, and Dubai serves as the ideal base for Bayer Pearl to further strengthen our presence in the region. The new site at Dubai Investments Park (DIP) will host offices and operations of Bayer Pearl. DIP is strategically located close to Jebel Ali Port and the new Dubai World Central airport. Furthermore, the new site allows us to expand our competence in developing new applications and manufacturing processes for our materials in close collaboration with our customers" said Thorsten Eschmeier, CEO of Bayer Pearl.

Under the strategic guidance of Bayer MaterialScience, one of the leading manufacturers of polyurethane raw materials worldwide, the joint venture is integrated into their global network of systems houses. Bayer Pearl provides high-tech solutions for the needs of key sectors in the Middle East region such as the construction Insulation, District Cooling and Automotive industries.
About Bayer MaterialScience:
With 2013 sales of EUR 11.2 billion, Bayer MaterialScience is among the world's largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. At the end of 2013, Bayer MaterialScience had 30 production sites and employed approximately 14,300 people around the globe. Bayer MaterialScience is a Bayer Group company.

This news release is available for download from the Bayer MaterialScience press server at www.press.bayerbms.com. Photos are available there for download as well. Please mind the source of the pictures.
Contact:
Katrin Kammer-Wilke,
Tel. +971 4 4452727
E-Mail: katrin.wilke@bayer.com

Find more information at www.materialscience.bayer.com.

Forward-Looking Statements

This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer Group or subgroup management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer's public reports which are available on the Bayer website at www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

© Press Release 2014

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