Bayer Forms Joint Venture

Pittsburgh, PA, Apr. 25--Bayer Polymers LLC and PolyOne Corp. announced the formation of BayOne Urethane Systems, LLC, a joint venture to develop and market polyurethane systems in the U.S and Canada. The joint venture will become operational in June. Polyurethane systems are used worldwide in a variety of applications, including automotive products, construction, furniture, flooring, industrial and commercial insulation, appliances, and footwear. Bayer Polymers' polyurethanes business supplies polyurethane systems and raw materials worldwide. PolyOne is an international polymer services company. Its polyurethanes operations include custom formulated polyurethane systems. The joint venture will be based in St. Louis, and will focus primarily on carpet backing, non-automotive flexible molded foams, footwear, instrument panels and filters. Peter Vanacker, senior vice president and head of polymer solutions for Bayer Polymers, said the joint venture leverages the strengths of Bayer's technology and raw materials and PolyOne's regional manufacturing capabilities and technical service expertise. Bayer facilities involved in the joint venture include Bayer Polymers' research and development facilities and sales offices in Pittsburgh, the corporation's production and laboratory facilities in New Martinsville, West Virginia, and research and technical service facilities in Dalton, Georgia. PolyOne locations included in the joint venture are St. Louis (joint venture headquarters, production and laboratory facilities); Commerce, California and Sussex, Wisconsin, (production and laboratory facilities); and Kennesaw, Georgia (laboratory and technical services operations).

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