Bayer MaterialScience says it will shut down its polyurethane systems houses in Italy, Greece and the Czech Republic to refocus its resources on growing demand in Asia-Pacific.
In a brief announcement earlier this month, the world's largest producer of raw materials for polyurethanes said it would close houses in the three countries “as part of an ongoing program of rationalization.”
|MDI storage tanks are lined up at a Bayer MaterialScience site in Shanghai Chemical Industrial Park. The polyurethane market is heating up in Asia-Pacific, the company says.|
The move is needed to “adjust the PU business to fast changes in the global environment,” the German company said without elaborating.
The company did not respond to a request for additional details, including how many employees would be affected or when the process would occur.
Competition in Asia
The global polyurethane landscape is changing, Bayer said, due in part to “the rise of new competitors in the Asia Pacific region.” The company said it was building up its systems network in China, Japan and Korea.
Customers in Greece, Italy and the Czech Republic will be served by Bayer’s other PU systems houses in Russia, Spain, Germany, the Netherlands, Denmark and the United Arab Emirates, as well as by Bayer’s “integrated polyurethane production sites,” the company said.
Bayer MaterialScience employs more than 4,000 employees at more than 20 polyurethane system houses worldwide. The houses combine technical expertise and customized products for specific markets and regions.