Bayer plastics/chemicals unit to be called Lanxess.Bayer AG Bayer AG German chemical and pharmaceutical company. Founded in 1863 by Friedrich Bayer (1825–1880), it now operates plants in more than 30 countries. Bayer has originated scores of pharmaceuticals, chemicals, and synthetic materials; it was the first developer and in Germany plans to spin off a large part of its chemicals and plastics businesses into a new publicly held company to be called Lanxess. Until now referred to as "NewCo," Lanxess will become a "virtual organization" that will operate largely as an independent Bayer unit by July 1. It will be placed on the stock market by early 2005. Lanxess will have a product portfolio including inorganic pigments, polymer additives such as flame retardants and plasticizers plasticizers mostly triaryl phosphates, such as tricresyl, triphenyl phosphates, which are poisonous. See also triorthocresyl phosphate. , rubber and rubber chemicals, ABS and other styrenics, and crystalline thermoplastics (nylons and TP polyesters). Polycarbonates polycarbonates, group of clear, thermoplastic polymers used mainly as molding compounds (see plastic). Polycarbonates are prepared by the reaction of an aromatic difunctional phenol with either phosgene or an aromatic or aliphatic carbonate. and polyurethanes will remain in the new Bayer MaterialScience Bayer MaterialScience (BMS) is an independent subgroup within Bayer AG. It was created as part of the restructuring of Bayer AG from the former business group Bayer Polymers, with certain of its activities being spun off to Lanxess AG. AG business unit. |
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