LEHIGH VALLEY, Pa. (May 16, 2003) — Bayer Polymers LLC, Pittsburgh, Pa., has appointed Air Products and Chemicals, Inc. (NYSE: APD) as its global distributor for excess toluenediisocyanate (TDI) intermediates. With the 2003 start-up of its new dinitrotoluene (DNT) and toluenediamine (TDA) manufacturing facility in Dormagen, Germany, Bayer expects to have intermediate capacity in Europe and the U.S. in excess of what it currently requires to produce TDI. Bayer has decided to establish a formal relationship with Air Products to market and distribute the surplus products.
"This opportunity allows us to enhance our service and create additional value for our customers, especially those operating outside North America. Bayer is a leader in the polyurethane industry and we are pleased they have appointed us to distribute their surplus product," said Jeffrey Lockett, global marketing and sales manager–Polyurethane Intermediates at Air Products. Air Products serves customers in healthcare, technology, energy, and industrial markets worldwide with a unique portfolio of products, services and solutions, providing atmospheric gases, process and specialty gases, performance materials and chemical intermediates. The company is the largest global supplier of helium, electronic materials, hydrogen and select performance chemicals. Founded in 1940, Air Products is recognized for its innovative culture, operational excellence and commitment to safety and the environment. With annual revenues of $5.4 billion and operations in over 30 countries, the company's 17,200 employees build lasting relationships with their customers and communities based on understanding, integrity and passion. For more information, visit www.airproducts.com. |
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