|
 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, in April last year 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
business hours.
(Reporting by Arnab Sen in Bangalore;
editing by Gopakumar
Warrier)
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