LEVERKUSEN, Germany Nov 22 Germany's Bayer
sees business environment for its plastics business
improving thanks to more favourable raw material prices and a
pickup in demand, the head of its MaterialScience division said.
"We see prices developing positively," Patrick Thomas told
Reuters on Friday on the sidelines of an event.
The MaterialScience unit, which makes padding foam chemicals
for furniture, training shoes and transparent plastics,
outperformed market expectations in the third quarter, posting a
2.7 percent rise in adjusted core earnings, against analysts'
forecasts for a 14 percent drop.
Thomas said especially Asian demand for intermediate
products for toluene diisocyanate (TDI), used to make flexible
polyurethane foams, was picking up.
(Reporting by Frank Siebelt; Writing by Maria Sheahan; Editing
by Marilyn Gerlach)