BAYER AND ASAHI GLASS COMPLETE A LICENSE AGREEMENT ON A PRODUCTION TECHNOLOGY FOR HIGH PERFORMANCE POLYETHER POLYOLS

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BAYER AND ASAHI GLASS COMPLETE A LICENSE AGREEMENT ON A PRODUCTION TECHNOLOGY FOR HIGH PERFORMANCE POLYETHER POLYOLS
25 April 2005 - Bayer MaterialScience AG

Bayer, Antwerp N.V. and Asahi Glass Co., Ltd. have completed a license agreement for Double Metal Cyanide (DMC) polyol technologies.

Bayer allowed Asahi Glass to produce and sell DMC polyol using a part of Bayer's Impact technology to the market inside and outside of Japan for an undisclosed license fee and Asahi Glass allowed Bayer to sell special DMC based polyol using Asahi Glass’s patented ®Preminol technology to the Japanese market.

Both technologies include an advantageous process which uses Double Metal Cyanide (DMC) as a catalyst for the polyoxyalkylation. The license agreement specifically includes various patents for the production of high performance polyether polyols, which are used as the base products for flexible foams and elastomers. The objectives of this agreement are to strengthen the positions of both companies as DMC technology leaders and to enhance cooperation to promote new businesses using DMC technologies.

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About: Bayer MaterialScience AG
Bayer Corporation, headquartered in Pittsburgh, is part of the worldwide Bayer Group, an international health care, nutrition and innovative materials group based in Leverkusen, Germany. Bayer employs 23,300 in North America with net North American sales of 8.8 billion euros in 2003. Bayer’s three operating business areas – HealthCare, CropScience and MaterialScience, improve people’s lives through a broad range of essential products that help diagnose and treat diseases, protect crops and advance automobile safety and durability.

Bayer MaterialScience AG is one of the world's largest producers of polymers and high-performance plastics. The main customers for Its innovative developments in coatings, adhesives, insulating materials and sealants, polycarbonates and polyurethanes are the automotive and construction industries, the electrical/electronics segment and manufacturers of sports and leisure goods, packaging, and medical devices.

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