Published On:September 12 2014
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Bayer to expand thermoplastic polyurethane capacity in Cuddalore.
Germany-based Bayer MaterialScience plans to increase thermoplastic polyurethane (TPU) production capacities in Cuddalore, Tamil Nadu, to meet the continued growth in demand for TPU. With the addition of a second TPU production line, which expected to be completed by the second quarter of 2015, the annual capacity of Cuddalore site will increase to 6,000 metric tonnes from its current capacity of 2,500 metric tons.
Marius Wirtz, Head of TPU Business at Bayer Materialscience, said 'As the only local TPU producer, BMS has been commited to the development of the Indian TPU market for over 18 years. The planned increase of our local capacity is an important milestone to continuously support our customer's growth with custom-made TPUs in high quality and with short lead times.'
Ajay Durrani, Managing Director and Senior Country Representative - Indian Subcontinent, Bayer MaterialScience Pvt. Ltd., added, 'Bayer MaterialScience continues to see strong growth opportunities in India across all business units. There is considerable demand in the Indian market for TPUs which is driven by an increasing appetite for high-quality end products. With this, we are convinced that the Indian market has strong fundamentals to utilise the scale of investments in TPU.'