PITTSBURGH, May 16 /PRNewswire-FirstCall/ -- Bayer Polymers has appointed
Air Products and Chemicals, Inc., Allentown, Pa., as its global distributor
for excess toluenediisocyanate (TDI) intermediates. With the 2003 start-up of
its new dinitrotoluene (DNT) and toluenediamine (TDA) manufacturing facility
in Dormagen, Germany, Bayer expects to have intermediate capacity in Europe
and the U. S. in excess of what it currently requires to produce TDI. Bayer
has decided to establish a formal relationship with Air Products to market and
distribute the surplus products.
"Air Products is a leading supplier of DNT and TDA to the polyurethane
industry," said Guenther Weymans, Head of Global TDI Operations for Bayer
Polymers. "Their market knowledge and global supply network were key in our
decision to market our excess products through them," Weymans continued.
"Bayer has had a long and positive business relationship with Air Products and
we look forward to supplying their TDI intermediate needs."
Bayer Corporation, headquartered in Pittsburgh, is the U.S. holding
company of the worldwide Bayer Group (NYSE: BAY), an international health care
and chemicals group based in Leverkusen, Germany. Bayer employs 24,600 in
North America with net North American sales of 8.9 billion Euros in 2002.
Bayer's five operating companies -- CropScience, Chemicals, HealthCare,
Polymers and Pharmaceuticals -- produce a broad range of products that help
diagnose and treat diseases, purify water, preserve local landmarks, protect
crops, advance automobile safety and durability and improve people's lives.
Information about the corporation's products and services can be found at
http://www.bayerus.com.
This news release contains forward-looking statements based on current
assumptions and forecasts made by Bayer Group management. Various known and
unknown risks, uncertainties and other factors could lead to material
differences between the actual future results, financial situation,
development or performance of the company and the estimates given here. These
factors include those discussed in our public reports filed with the Frankfurt
Stock Exchange and with the U.S. Securities and Exchange Commission (including
our Form 20-F). The company assumes no liability whatsoever to update these
forward-looking statements or to conform them to future events or
developments.
SOURCE Bayer Polymers
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http://www.bayerus.com
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CONTACT:
Thomas E. Erdner, Bayer, +1-412-777-2500, or
fax, +1-412-777-3899
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