Home / Knowledge / News / Textiles / Bayer opens innovation hub for Asia Pacific
Bayer opens innovation hub for Asia Pacific
22
May '13
Bayer MaterialScience has inaugurated a regional innovation hub for Asia Pacific in Shanghai, China. More than 200 experts will develop novel ideas for the use of high-performance plastics, foams and coatings in key sectors such as mobility, construction, IT and renewable energy.

They will work in close cooperation with external scientists, suppliers and customers. The new hub, which is located at the company’s existing Polymer Research & Development Center (PRDC), will provide support to other innovation facilities across the region.

“Our regional innovation hub will become a significant contributor to our overall global innovation network,” said Patrick Thomas, CEO of Bayer MaterialScience. “It should become indispensable in terms of competencies, projects and products. We are aiming to reach a global innovation footprint for Bayer and its partners by exporting China-made technology to the rest of the world by 2020.”

International teams

The new center is expected to attract local talent and enhance knowledge-building and transfer. Employees will work in global cross-boundary teams, including colleagues at R&D centers in Europe and North America. The innovation hub will be supported by a network of production sites in Asia Pacific, the biggest ones being in Shanghai, Map Ta Phut (Thailand) and Niihama (Japan).

Asia Pacific is among the strongest growth regions for Bayer MaterialScience and accounted for more than one quarter of total sales in 2012. This growth is mainly driven by a rising number of infrastructure projects and increasing demand for cars, electronic consumer goods and new housing from an emerging middle class.

Urbanization further drives the construction and mobility sectors. At the same time, the growing demand for energy prompts governments to look at sustainable sources such as wind and solar energy.

About Bayer MaterialScience:

With 2012 sales of EUR 11.5 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 2012, Bayer MaterialScience had 30 production sites and employed approximately 14,500 people around the globe. Bayer MaterialScience is a Bayer Group company.

Bayer

Must ReadView All

Textiles | On 6th Dec 2016

Garments, yarn export entitlement quota extended for 1 yr

Indian government has extended the export entitlement quota for...

Textiles | On 6th Dec 2016

Cash inflow will revive sales: Textile industry

The textile industry representatives are hopeful of revival of...

Courtesy: SIMA

Textiles | On 6th Dec 2016

Amma gave special attention for textile growth in TN: SIMA

Former Tamil Nadu chief minister J Jayalalithaa paid special...

Interviews View All

Karan Suratwala
Key Textile Accessories Private Limited

Chinese imports are destroying the supply chain

Sanjay Desai & Ashish Mulani
True Colors

Digital textile printing will be the technology of the future

Jim Desai
Blaiva Fabricaa

Fashion industry likely to remain labour-intensive in coming years

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Iago Castro Asensio
RCfil Distribuciones S.L.

Iago Castro Asensio, International Business Manager of RCfil...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search