Bayer (China) Inc.'s goal of increasing investment in China remains unchanged
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Dai Mu stated that Bayer will not change its market orientation in the future and will increase investment in China. It is estimated that the total investment in China will reach 1.8 billion U.S. dollars between 2003 and 2009.
Dai Mu said that due to the rapid development of China's manufacturing and construction industries, it is becoming an increasingly important market for Bayer polymer products. We are planning to build new facilities at the Shanghai Yujing Chemical Park to prepare for the production of polymer raw materials. At the same time, a world-class HDI (hexamethylene diisocyanate) production base has already started in Shanghai, and the third phase of the construction project is expected to be completed in 2006. The previously completed TDI plant will be completed in 2009 and the MDI plant will be put into production in 2008. Both are implemented by Bayer (Shanghai) Polyurethanes Co., Ltd.