Corporate Investor Relations Bayer and DuPont to build new PBT

Corporate Investor Relations
Bayer and DuPont to build new PBT polymer plant
____________________________________________________________________
Geneva and Leverkusen, October 11, 2000 – Bayer and DuPont Engineering
Polymers recently concluded the signing of a Letter of Intent ( LOI ) concerning the
formation of a manufacturing joint venture to build a new 80,000 ton plant to produce
polybutylene terephthalate (PBT ) base polymer in Europe. Bayer and DuPont plan
to bring the plant on stream early in 2003. The decision on the location for the new
plant has not yet been finalised, but it is anticipated that the facility will be built at an
existing Bayer or DuPont site.
Each partner will continue to process the base
polymer into resins and market these products independently.
The construction
costs of the new facility were not disclosed.
This increase in PBT base polymer capacity is in response to the anticipated growth
of the market for PBT resins, estimated at 7-9% per annum - one of the highest
growth rates for engineering polymers. This strategic decision to further invest in the
growing PBT market underscores Bayer’s and DuPont’s confidence in the PBT
market and ensures that both companies will have the capacity to meet market
demand on a global basis. PBT semi-crystalline resins are characterised by their
excellent performance characteristics and ease of processing in demanding
automotive, electrical and electronic applications.
Bayer´s Plastics Business Group employs more than 6000 people around the world
and generates sales worth more than EUR 3.4 billion. The principle focus of its
activities is the production of and marketing of engineering thermoplastics used
especially in the automotive, electric and electronic industries. This includes, among
others ABS and ABS-blends, SAN, polyester PBT, PET and blends, polyamides as
well as thermoplastic polyurethanes and fabricated products.
2
The DuPont Engineering Polymers business manufactures and sells a broad range
of thermoplastic polyesters and polyester elastomers, polyacetals, polyamides, liquid
crystal polymers and polyimides.
These products serve global markets in the
aerospace, appliance, automotive, consumer, electrical, electronic, industrial,
sporting goods and many other diversified industries.
Leverkusen, October 11, 2000 – Bayer AG announced that due to the planned
manufacturing joint venture with DuPont, Bayer will withdraw from a previously
announced feasibility study with DSM and Ticona for PBT production.
BAYER FALL 2000 INVESTOR CONFERENCE
Bayer Group cordially invites you to its upcoming Investor Conference:
Date: November 17, 2000
Time: 11:00 a.m. until 16:30 p.m.
Place: Bayer Communication Center (BayKomm) in Leverkusen
The agenda for the conference is as follows:
1)
Results for the First Three Quarters of 2000 and Outlook
Werner Wenning, CFO and Member of the Board
2)
Presentation on the Consumer Care Business Group
Gary S. Balkema, Head of Consumer Care BG
3)
Discussion-Forum at Lunch with Representatives from Business Groups
4)
Presentation and Discussion Workshop on Bayer’s Pharmaceuticals Business
Dr. David Ebsworth, Head of Pharmaceuticals BG
Dr. Frank M. Armstrong, Head of Product Development
We request the courtesy of a written response by November 9, 2000. Please direct
your response to Marion Hildebrandt, FI Corporate Investor Relations, Bayer AG,
51368 Leverkusen, Germany (Fax-No.: +49(0)214-30 66247 or E-mail:
[email protected]).
BayKomm is easily accessible by taxi from the airports and train stations in
Düsseldorf and Cologne. A map of Leverkusen is attached for your reference.
We hope you will be able to join us for the upcoming Investor Conference.
Sincerely,
Dr. Alexander Rosar
Wege zu Bayer Leverkusen
Übersichtskarte
Oberhausen
Flughafen
Düsseldorf
Düsseldorf
Krefeld
Venlo
Autobahnkreuz
Langenfeld
542
Abfahrt
Dormagen
Autobahnkreuz
Monheim/
Langenfeld
Wuppertal
Dortmund
3
59
1
Abfahrt
Opladen
Abfahrt
Lev.-Rheindorf
Abfahrt
Köln-Worringen
Autobahnkreuz
Leverkusen
Autobahnkreuz
Leverkusen-West
Leverkusen
57
Autobahnkreuz
Köln-Nord
Abfahrt
Leverkusen
Abfahrt
Köln-Niehl
3
Abfahrt
Köln-Mülheim
Abfahrt
Köln-Bocklemünd
Abfahrt
Köln-Delbrück
1
Aachen
4
Autobahnkreuz
Köln/Ost
Abfahrt
Köln-Lövenich
Autobahnkreuz
Köln-West
Köln
559
4
555
1
Autobahnkreuz
Köln-Süd
Ludwigshafen
Stand:
August 1999
4
Deutz
Bonn
Autobahnkreuz
Köln-Gremberg
Olpe
Autobahndreieck
Köln-Heumar
Abfahrt
Königsforst
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Flughafen
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Wege zu Bayer Leverkusen
Wuppertal/Dortmund
Detailkarte
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We s
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Düsseldorf
g
S
S-Bahnhof
LeverkusenKüppersteg
Autobahnkreuz
A 59 Leverkusen-West
28
29
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16
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23 24
2122 P 25
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18
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Bayer AG
BAB-Abfahrt
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14
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10
7
8
6
P
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2
3
P
5
Kaiser-Wilhelm-Allee
4
13
P
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aße
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11
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aße
orfer Str
12
P
Werksteil Flittard
Düsseld
Bayer AG
Köln/Frankfurt
Stand:
August 1999
1
2
3
4
5
6
7
Hochhaus, Geb. W1
Kommunikationszentrum
Japanischer Garten
Kasino
Agfa-Gevaert AG, Verwaltung
Tor 2
Wiss. Hauptlabor mit Hörsaal,
Geb. Q 18
8 Verwaltungsgebäude Q 26
9 Tor 3
10
11
12
13
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18
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Pharma, Geb. Q 30
Tor 10
Tor 11
Carl-Duisberg-Bad
Tor 1
Tor 6, LKW-Einfahrt
Forum
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City-Hotel
Erholungshaus
20
21
22
23
24
25
26
27
28
29
Tor 8
Wiesdorfer Treff
Wiesdorfer Eck
Wiesdorfer Arkaden
Elberfelder Haus
Barmer Haus
Tor 7
Tor 4
Tor 9
Entsorgungszentrum Bürrig
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