News

Bayer MaterialScience completes Ure-Tech acquisition

02/07/2007

Germany-based Bayer MaterialScience has completed its acquisition of the Taiwan Ure-Tech Group, creating what is now said to be the world’s largest supplier of resins and films. Having completed the deal, Bayer MaterialScience now intends to relocate the global headquarters of its Thermoplastic Polyurethanes (TPU) Business Unit to Hong Kong by October 1, in order to further boost Bayer MaterialScience’s TPU position in the expanding Asia Pacific market.

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