Bayer is considering the sale of its
MaterialScience division after chemicals company Evonik
Industries AG showed interest in the unit several months ago,
Bloomberg said, adding that no final decision has been made on
the plastics unit. (http://r.reuters.com/pez78v)
Bayer, Germany's largest drugmaker, on Friday lowered its
outlook for its MaterialScience unit, which makes transparent
plastics used in sports goggles, DVDs and car lights, as core
earnings for the division slumped by more than a quarter.
Polycarbonates, the type of transparent plastic that is Bayer's
specialty, are in ample global supply after lower-cost rivals in
the Middle East, mainly Sabic, built new sites.
Bayer was not immediately available for comment outside regular
(Reporting by Arnab Sen in Bangalore;
editing by Gopakumar
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