BY JEAN YUNG
SHANGHAI—German drug and chemicals maker Bayer AG said Thursday it plans to invest about €1 billion ($1.3 billion) to double its polymer-production capacity in China over the next five years.
Bayer said Bayer MaterialScience AG will invest in five separate expansion projects at the company's manufacturing base in Shanghai to meet rising demand in the world's fastest-growing major economy. Bayer MaterialScience makes plastics, insulation and coatings.
"We want to increase group sales in Greater ...
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