Nanotechnology Now

Our NanoNews Digest Sponsors

Heifer International

Wikipedia Affiliate Button

Home > Press > 'From Megatrends to Business' - K 2010 preview

Commitment to sustainable solutions for effects of global megatrends
Products, processes and applications for today and tomorrow

'From Megatrends to Business' - K 2010 preview

Leverkusen | Posted on June 11th, 2010

Bayer MaterialScience is committed to help meet the global challenges of energy shortages and climate change through innovative and sustainable technologies and processes. This is the company's central message at K 2010, the international trade show for the plastics and rubber industry, which is being held in Düsseldorf from October 27 to November 3. The company aims to be a prominent part of the solution in tackling the effects of global megatrends such as the growing population and increasing urbanization.

Patrick Thomas, Chief Executive Officer, Bayer MaterialScience, said: "This company cannot solve these problems by itself, of course, but it does have sustainable solutions in the form of innovative products, processes and applications that exist today or are being developed for tomorrow."

Thomas was speaking to journalists in Leverkusen to outline Bayer MaterialScience's plans for its presence at K 2010. Under the motto 'From Megatrends to Business', the company will showcase its leadership in polymer materials and its focus on sustainable solutions and developments in the areas of climate, technology, mobility, living and health on a 1,000-square-meter stand in Hall 6.

Starting with an overview of Bayer MaterialScience's current business performance, Thomas explained: "Our high-tech materials business had a successful start to 2010 and we are confident of future development." Sales in the first quarter of 2010 were up by 36 percent, to EUR 2.22 billion (Q1 2009: 1.64 billion) from the very weak prior-year quarter, which was greatly hampered by the economic and financial crisis. Business also gained 9.9 percent over the fourth quarter of 2009 with all business units contributing to this significant improvement with higher volumes and selling price increases. The earnings before interest, taxes, depreciation and amortization (EBITDA) before special items of Bayer MaterialScience improved markedly to EUR 287 million, against a loss of EUR 116 million in the prior-year quarter.

Confirming the forecast for the current year, Thomas said that MaterialScience anticipates a continuing recovery in the markets relevant to its business. In light of this, the subgroup is targeting a sales increase in the region of 20 percent on a currency- and portfolio-adjusted basis in 2010. MaterialScience plans to more than double EBITDA before special items. In the second quarter of 2010, the Bayer subgroup anticipates further growth in sales and an improvement in EBITDA before special items compared with the first quarter of the year.

Thomas's confidence in the subgroup's future economic development was underpinned by the fact that Bayer MaterialScience offered sustainable solutions to the effects of global megatrends. "We live in a dynamic world that faces many challenges, and at Bayer MaterialScience we must ask ourselves what opportunities and risks lie ahead. Global shifts such as societal demographics, climate change and energy shortages are driving our search for sustainable solutions that can help meet future needs," said Thomas.

He went on to say that in 2030 more than eight billion people will live on the Earth, five billion of them in cities. "Today, buildings are responsible for about 30 percent of global greenhouse gas emissions and more than 40 percent of global energy use. So the need for renewable forms of energy is clear," said Thomas. Retrofitting materials to combat climate change has significant benefits, and if buildings were retrofitted with polyurethane insulation - by far the most effective insulating material per unit weight - then real reductions in carbon dioxide emissions could be achieved.

Thomas said that over 14 percent of all greenhouse gases worldwide came from the transportation sector, which meant it was 'number three' as an emission source. "Lightweight composites can cut a vehicle's weight by up to 30 percent, resulting in a significant reduction in fuel consumption," he said.

"We are already supplying polyurethane composites as replacements for the metal roofs of cars, and we are beginning to supply polycarbonate glazing components as a substitute for glass. Replacing very energy-intensive steel and glass components in vehicles with polymers - which are much less energy-intensive and require much less energy to manufacture, and also reduce the weight of the vehicle - offers significant reduction potential."

Giving further examples, he said traditional light bulbs have a light efficiency of 3 percent compared with up to 80 percent for LEDs (light emitting diodes), and although there were challenges in manufacturing LEDs and managing their light, polycarbonate resin is one of the few materials that can withstand their high temperatures.

Materials from Bayer MaterialScience also play an important role in the cool chain: Up to 50 percent of food is wasted between the time it is produced and the time it is consumed. "Refrigerated transportation and cold storage are hugely important, and polyurethane insulation materials play a key role here," he said.

Innovative products from Bayer MaterialScience are also set to become integral components of wind turbines, where the adhesives used to bond the blades are increasingly polyurethane-based instead of epoxy. Nanotubes can also be incorporated into the epoxy resins to reduce the weight of the blades.

"Our materials have the potential to bring about a major improvement in the energy efficiency of every sector of the economy. The stories of the future we will be telling at K 2010 will show that Bayer MaterialScience has the necessary expertise in technology and materials to work with customers and support them in their new developments. At the same time we are a reliable, innovative partner when it comes to finding solutions that alleviate the effects of global megatrends," said Thomas.

Forward-Looking Statements
This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer Group or subgroup management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer's public reports which are available on the Bayer website at The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.


About Bayer MaterialScience
With 2009 sales of EUR 7.5 billion, Bayer MaterialScience is among the world’s largest polymer companies. Business activities are focused on the manufacture of high-tech polymer materials and the development of innovative solutions for products used in many areas of daily life. The main segments served are the automotive, electrical and electronics, construction and the sports and leisure industries. At the end of 2009, Bayer MaterialScience had 30 production sites and employed approximately 14,300 people around the globe. Bayer MaterialScience is a Bayer Group company.

For more information, please click here

Copyright © Bayer MaterialScience

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

Basque researchers turn light upside down February 23rd, 2018

Stiffness matters February 23rd, 2018

Imaging individual flexible DNA 'building blocks' in 3-D: Berkeley Lab researchers generate first images of 129 DNA structures February 22nd, 2018

'Memtransistor' brings world closer to brain-like computing: Combined memristor and transistor can process information and store memory with one device February 22nd, 2018


Nanotube fibers in a jiffy: Rice University lab makes short nanotube samples by hand to dramatically cut production time January 11th, 2018

Touchy nanotubes work better when clean: Rice, Swansea scientists show that decontaminating nanotubes can simplify nanoscale devices January 4th, 2018

Paving the way for a non-electric battery to store solar energy: UMass Amherst scientists say a polymer chain organized like a string of Christmas lights assists energy storage December 22nd, 2017

Nanotubes go with the flow to penetrate brain tissue: Rice University scientists, engineers develop microfluidic devices, microelectrodes for gentle implantation December 19th, 2017


Basque researchers turn light upside down February 23rd, 2018

Atomic structure of ultrasound material not what anyone expected February 21st, 2018

Rutgers-Led Innovation Could Spur Faster, Cheaper, Nano-Based Manufacturing: Scalable and cost-effective manufacturing of thin film devices February 14th, 2018

Graphene on toast, anyone? Rice University scientists create patterned graphene onto food, paper, cloth, cardboard February 13th, 2018


Basque researchers turn light upside down February 23rd, 2018

Stiffness matters February 23rd, 2018

Histology in 3-D: New staining method enables Nano-CT imaging of tissue samples February 22nd, 2018

Developing reliable quantum computers February 22nd, 2018


Ultra-efficient removal of carbon monoxide using gold nanoparticles on a molecular support: New method and mechanism for state-of-the-art gas purification February 9th, 2018

New filters could enable manufacturers to perform highly-selective chemical separation January 23rd, 2018

Rice U.'s one-step catalyst turns nitrates into water and air: NSF-funded NEWT Center aims for catalytic converter for nitrate-polluted water January 5th, 2018

'Quantum material' has shark-like ability to detect small electrical signals December 20th, 2017


Round-the-clock power from smart bowties February 5th, 2018

Silk fibers could be high-tech ‘natural metamaterials’ January 31st, 2018

A simple new approach to plastic solar cells: Osaka University researchers intelligently design new highly efficient organic solar cells based on amorphous electronic materials with potential for easy printing January 28th, 2018

Nature paper by Schlumberger researchers used photothermal based nanoscale IR spectroscopy to analyze heterogeneous process of petroleum generation January 23rd, 2018


European & Korean Project To Demo World’s First 5G Platform During Winter Games February 15th, 2018

Leti’s Chief Scientist Presents Optimistic Vision for Neuromorphic Hardware and Ultra-Low-Power Microdevices for Edge Computing at ISSCC: Leti’s Chief Scientist Presents Optimistic Vision for Neuromorphic Hardware and Ultra-Low-Power Microdevices That Are Based on Novel Emerging February 13th, 2018

Leti Chief Scientist Barbara De Salvo Will Help Kick Off ISSCC 2018 with Opening-Day Keynote: In Addition, Leti Scientists Will Present and Demo New Technology for Piezoelectric Energy Harvesting February 8th, 2018

Leti Presents Optical-Equipment Curving Technology that Improves Performance, Cuts Costs: ‘Disruptive Approach’ for Imaging Applications Presented in Paper At Photonics West and Demonstrated in Leti’s Booth February 2nd, 2018

The latest news from around the world, FREE

  Premium Products
Only the news you want to read!
 Learn More
Full-service, expert consulting
 Learn More

Nanotechnology Now Featured Books


The Hunger Project