In an effort to consolidate its polycarbonate business, Bayer MaterialScience announced it will close its site in Darmstadt, Germany.
The closure will affect 90 employees, though the company “will do everything possible to ensure that this step is conducted in a socially responsible manner,” according to a press release.
Bayer MaterialScience currently produces sheets at ten locations. The consolidation has also led to decisions in the Asia/Pacific region, as the company’s sheet business in Australia and New Zealand, as well as the Laserlite brand name, are being sold. Furthermore, sheet production in China was consolidated at the Guangzhou site, as the Beijing site was also closed.
“Behind all of these consolidation measures is the current business situation,” the release reads. “Market development in the overall polycarbonate business has changed dramatically in recent years, with new competitors and overcapacities exacerbated by insufficient demand from the customer industries.”
Dr. Markus Steilemann, head of the polycarbonates business unit at Bayer MaterialScience, says the company is still optimistic about its future in polycarbonate.
“The demand for the high-performance plastic polycarbonate continues to grow year-to-year and worldwide at rates that will soon wipe out the current overcapacities,” he says. “By adjusting our alignment, we are strengthening our leading market position.”