Bayer AG - Annual Report 2006 - Start-up company for luminescent film

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Start-up company for luminescent film

Leverkusen – In April 2006, Bayer established a new company, LYTTRON Technology GmbH, to produce electroluminescent film. LYTTRON, a wholly owned subsidiary of Bayer MaterialScience, develops, manufactures and markets luminescent film for applications such as the automotive industry and lifestyle products. The entire start-up capital of about €24.5 million is being invested in film production and the construction of a laboratory plant in the Leverkusen Chemical Park. LYTTRON began operating with a staff of 25 finance, marketing, production and administration experts. By 2012 the company expects to employ more than 150 people. The establishment of LYTTRON is consistent with Bayer MaterialScience’s pursuit of its innovation strategy.