News

Bayer MaterialScience to acquire Ure-Tech Group

23/10/2006

The Ure-Tech Group generated sales of approximately $55 million in 2005 while sales of Bayer MaterialScience’s Thermoplastic Polyurethanes Business Unit totalled €192 million ($240.8 million).

Ure-Tech group is the biggest producer of Thermoplastic Polyurethane (TPU) elastomer in Asia Pacific. Its Utechllan brand of TPU is widely used by the footwear and sports and leisure industries among others in the Asia Pacific region.

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