Bayer is looking to move forward in the development of thermoplastic composites
Bayer MaterialScience has announced the acquisition of Thermoplast Composite GmbH (TCG) in order to expand its range of polycarbonate composite products.
TCG, based in Nuremberg, Southern Germany, specialises in the production of thermoplastic fibre composites and Bayer says the takeover of the company gives it access to “innovative technology know-how” as well as “key patents and facilities”.
Bayer MaterialScience is already active in the development and marketing of composite solutions based on polyurethane systems. "We are seeing significant demand and growth opportunities for composites made from thermoplastic materials such as polycarbonate," said Dr. Markus Steilemann, member of the Bayer’s Executive Committee and Head of the Polycarbonates Business Unit.
“By getting into the development and production of the corresponding composites, we want to become one of the driving forces in this industry. We expect promising opportunities above all in the IT, automotive and transportation industries, as well as in consumer goods, which would further strengthen our position."
Bayer MaterialScience plans to expand TCG’s production capacity and will retain all of TCG’s existing staff. Areas where it sees growth potential for polycarbonate composites include premium housings for the IT industry as well as automotive applications.
"By acquiring TCG, we have now filled the last gaps in our processing technology know-how," said Dr. Olaf Zöllner, Head of Polycarbonate Applications Development for Europe.