Bayer CropScience Outlines Next Phase of Investments

Bayer CropScience Outlines Next Phase of Investments

Bayer CropScience expects the global market for agricultural inputs, protection products, seeds, and traits to double by 2020 from €50 billion (US$64.15 billion) to €100 billion ($US1.28 trillion) based on increasing population, dietary shifts, and an increasing awareness for the need for environmental stewardship and sustainable agricultural production.  Despite increasing volatility in agricultural markets, Bayer CropScience has announced it plans to invest approximately $900 million in the coming years to 2016 in the U.S. and Germany.  Of the funds, the largest allocations will go to the expansion of the company’s Dormagen, Frankfurt, and Knapsack sites in Germany and its Mobile, Alabama and Kansas City, Missouri sites in the U.S.   In June, 2014 the company also announced a $200 million investment through 2016 to expand its North American and global seed headquarters in Research Triangle Park in North Carolina.  The company is also launching a public awareness campaign to familiarize the public with sustainable farming methods that can be implemented with no negative effects upon the environment.

 

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