Bayer AG announced during its Nov. 16 dedication of a new toluene diisocyanate (TDI) plant in Shanghai that it plans to further expand production, distribution and research in Asia and considerably increase its sales in the region -- to 11 billion euros ($14.8 billion) by 2015. “We aim to achieve a more than 60 percent increase in our sales in Asia by 2015,” Chairman Marijn Dekkers said at a Shanghai news conference. Of the 11 billion euros in 2015, Greater China will account for 6 billion. Dekkers also officially inaugurated Bayer Material Science’s 250,000 metric tons per year gas-phase facility for TDI -- used largely in flexible foams -- at its site in Shanghai. Bayer also plans to spend 1 billion euros to expand its MDI (methylene diphenyl diisocyanate) capacity in Shanghai to 1 million metric tons per year, increase its polycarbonate capacity to 500,000 metric tons per year and build a new HDI (hexamethylene diisocyanate) line that will raise capacity by 50,000 metric tons per year.