Bayer MaterialScience LLC to Close Resins Operations at New Martinsville, W.Va.
Site will remain in operation as producer of polyurethanes raw materials and thermoplastic polyurethanes
As part of ongoing global restructuring initiatives, Bayer MaterialScience LLC has announced the closure of its Coatings, Adhesives and Specialties (CAS) resins operations in New Martinsville. The New Martinsville resins operations, which manufacture polyesters, polyurethane dispersions and polyaspartic esters for use in the automobile, furniture and construction industries, are scheduled to cease production by the end of 2009. In the future, sourcing of these products will be consolidated into various world-scale Bayer MaterialScience facilities.
The closure will affect approximately 40 employees. These employees will have the opportunity to explore employment within other parts of the company. Bayer MaterialScience LLC's standard separation pay and benefit programs will apply to those who are displaced from the company.
The New Martinsville site will continue to manufacture a range of polyurethanes raw materials used in the same industries, plus Texin® thermoplastic polyurethane, which is used in the automobile, tool, sporting goods and medical industries. The site employs about 300.
Bayer MaterialScience LLC is one of the leading producers of polymers and high-performance plastics in North America and is part of the global Bayer MaterialScience business with nearly 15,100 employees at 30 sites around the world and 2008 sales of 9.7 billion euros. 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, medical, and sports and leisure industries.
Contact:
Sean Kelly, Phone: 412-777-5200
E-mail: sean.kelly@bayerbms.com
For more information about Bayer MaterialScience, call 1-800-662-2927, e-mail naftainfo@bayerbms.com or visit www.bayermaterialsciencenafta.com.
