Bayer MaterialScience Cooperates with Brenntag Schweizerhall AG
Bayer MaterialScience AG (BMS) has entered a distribution agreement for its carbon nanotubes, BayTubes®, with Brenntag Schweizerhall AG. BMS is a world-leading manufacturer of carbon nanotubes (CNT) and is seeking strategic cooperation partners to foster the development of industrial applications.
„For us it was crucial that Brenntag Schweizerhall AG possesses a strong position in the Swiss markets that are important for Bayer MaterialScience,“ declared Martin Schmid, head of the global BayTubes® business at Bayer MaterialScience, at the signing of the agreement.
„Adding BayTubes®, the carbon nanotubes of Bayer MaterialScience AG, to our product portfolio is an important element of our future strategic orientation in the field of specialty chemicals,“ says graduate engineer Ulf De la Vigne, head of Business Development at Brenntag Schweizerhall AG. He adds, „It is our goal to expand our core business and generate significant growth with high-tech products, especially in the field of nanotechnology, and build a long-term know-how for us in this area. When Brenntag Schweizerhall AG selects its strategic partners and products, a number of factors come into play. In addition to the economical and technological side, the central aspect is product philosophy – customer benefit, applicability, and environmental compatibility. BayTubes® from Bayer MaterialScience fulfill these requirements perfectly.“
The distribution cooperation also includes the global marketing of carbon nanotubes through key accounts of Brenntag Schweizerhall AG worldwide.
Bayer MaterialScience currently has a production capacity of 60 metric tons BayTubes® at the manufacturing site of H. C. Starck GmbH in Laufenburg in Germany’s southern Baden region. In the medium to long term, Bayer MaterialScience plans to erect a large-scale production facility in Germany with an annual capacity of 3,000 metric tons.
About Bayer MaterialScience:
With 2006 sales of EUR 10.2 billion (continuing operations), Bayer MaterialScience is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and sports and leisure industries. Bayer MaterialScience has 30 production sites around the globe and employed approximately 14,900 people at the end of 2006. Bayer MaterialScience is a Bayer Group company.
In 2006, Brenntag, which operates more than 300 locations worldwide and employs more than 10,000 people, recorded sales of EUR 6.1 billion (US$ 7.6 billion).
The company is providing comprehensive value-added services and global supply chain management to its customers and suppliers from a single source, which makes Brenntag one of the world’s leading chemical distributors. Brenntag also offers its suppliers in Europe and the Americas a highly developed and extensive distribution network for industrial and specialty chemicals.
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 annual and interim reports to the Frankfurt Stock Exchange and in our reports filed 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.
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