Bayer MaterialScience Recognized by Commercial Development & Marketing Association
Greg Babe Receives the Lee W. Rivers Innovation Award on behalf of Bayer MaterialScience for Leadership in Innovation Practice and Performance
The Commercial Development & Marketing Association (CDMA) presented the Lee W. Rivers Innovation Award to Bayer MaterialScience and its CEO Greg Babe for industry leadership in driving innovative solutions and bringing them to commercial fruition. The award was presented at the CDMA’s Fall National Meeting, September 25th, 2007, at the Omni William Penn Hotel in Pittsburgh, PA.
The Lee W. Rivers Innovation Award recognizes outstanding achievements in the development of innovative products and solutions in chemical technology-based industries.
“Greg Babe is leading a company whose innovations are not only creating long-term revenue potential, but are also improving the quality of life for people around the world without harming the environment in which they live,” said Nancy Easterbrook, CDMA Award Chair.
Bayer MaterialScience maintains a driving focus on innovation. Rooted in a strong foundation of innovation culture, process, and organization, the result is a stellar record of achievement in the market. Technology and materials coming out of Bayer MaterialScience are found in countless products ranging from sports equipment to medical devices.
The focus of the CDMA Fall National meeting was Leveraging Sustainability and Bayer MaterialScience is a leader in showing how sustainable development is both a profitable growth platform as well as being the directive of high values and priorities. By 2010, BMS materials will be used in new areas such as green buildings and alternative energy, as well as smart coatings, intelligent surfaces, sensors, and LED technology.
Sustainable development offers numerous opportunities for materials suppliers like Bayer MaterialScience that are positioned to provide innovative products and services to the green energy market. The company is focused on developing applications based on sustainability in three key areas: automotive, construction and alternative energy.
One example is in the area of photovoltaic (solar) power. According to Babe, the U.S. demand for photovolatics (PV) is expected to triple from 2005 levels by 2010, and BMS intends to stay at the cusp of the alternative energy movement by working with its external partners to advance technologies related to PV and other ways to conserve energy and reduce the nation’s dependence on fossil fuels.
“Sustainable development has long been an integral part of our business processes, and we continually seek ways to integrate economic, ecological and social interests into our corporate decisions. It is a key driver for our innovation at Bayer MaterialScience” said Babe. “On behalf of all the employees at Bayer MaterialScience, we are honored to be recognized for our efforts with this award.”
About Bayer MaterialScience LLC
Bayer MaterialScience LLC is one of the leading producers of polymers and high performance plastics in North America and is part of the global Bayer Material Science business with nearly 19,000 employees at 40 sites around the world and 2005 sales of 10.7 billion euros. BMS’ Innovative developments in coating, adhesives and sealant raw materials, polycarbonates, polyurethanes and thermoplastic urethane elastomers enhance the design and functionality of products in a wide variety of markets, including the automotive, construction, electrical and electronics, household and medical industries, and the sports and leisure fields. BMS’ inorganic basic chemicals unit produces chlorine and related essential products for the chemicals industry. Bayer MaterialScience-Where VisionWorks
About CDMA
CDMA is the world’s leading professional association dedicated to fostering, promoting and sharing of business practices for long term growth and value creation in chemistry-based industries. For over 60 years, CDMA has been dedicated to continuous learning and networking to help members grow their businesses. For more information about about CDMA, visit our website at www.cdmaonline.org.