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Bayer AG. (Acquisitions, Expansions).


Germany's Bayer AG has kicked off a massive China expansion plan with a joint venture deal to build a $450 million Shanghai polycarbonate plant. Bayer said the joint venture with Chlor Alkali marked the first step in the German firm's $3.1 billion investment plan to set up a chemical complex in the eastern Chinese city. Under the deal, Bayer would provide 90% of the capital and control that percentage of the venture, called Bayer Polymer Shanghai. Chlor Alkali would hold a 10% stake.

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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Rubber World
Article Type:Brief Article
Geographic Code:1USA
Date:Sep 1, 2001
Words:84
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