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Bayer CropScience lays out plans through 2012
Sep. 5, 2008
Bayer CropScience is launching an extensive research program to seize the long-term opportunities for growth on the agricultural markets, according to the company, which is to invest a total of almost US $4.9 billion in the research and development (R&D) of innovative crop protection products and new solutions in seeds and plant biotechnology between 2008 and 2012. Almost US $3.9 billion of this total will be allocated to R&D into innovative crop protection ais, and just over US $ 1 million to developing new seed and plant biotechnology products.
During the same period,the company plans to bring 10 new crop protection active ingredients (ais) to market, with a combined peak sales potential of over US $1.4 billion.
Bayer CropScience also plans to modernize existing facilities and to construct new ones; the largest single project is the construction of a new production plant for precursors of the herbicidal active ingredient glufosinate-ammonium (marketed under the brand names Liberty®, Ignite® and Basta®), which will be built in Knapsack near Cologne, Germany at a cost of almost US $86 million. The new facility is expected to come online in 2009.
Source: Bayer CropScience
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