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Bayer held a ceremony last week to highlight the commissioning of a 100,000-metric-ton-per-year polycarbonate plant at the Caojing chemical industry park in Shanghai. CEO Werner Wenning said Bayer plans to double the $450 million plant's capacity by 2008. Bayer is also building methylene diphenyl diisocyanate and toluene diisocyanate plants at the site. Overall, Wenning said, Bayer spending in Shanghai will reach $1.8 billion by 2009. While in Shanghai, the CEO inaugurated a doubling of the size of a polymers R&D center that already employs 100 people.
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