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Bayer Units Now Independent

Published on 2003-09-30. Author : SpecialChem

Leverkusen - The Bayer Group has reached another important milestone in its corporate reorganization. On September 30, 2003, Bayer HealthCare AG, Bayer Chemicals AG and Bayer Technology Services GmbH achieved legal independence when the carve-outs of their respective businesses from Bayer AG were entered in the commercial register. Plans call for the operating subgroup Bayer Polymers and the service companies Bayer Business Services and Bayer Industry Services to follow suit by the end of 2003. Bayer CropScience AG already began operating as a legally independent company on October 1,2002.

"With this new corporate structure, we are creating the basis for future success," commented Werner Wenning, Chairman of the Board of Management of Bayer AG. "The new structure promotes these units' individual responsibility, thereby reinforcing their entrepreneurial approach. Our aim is to exploit the potential of our businesses to the full in order to create value and achieve a sustainable improvement in performance."

Said Rolf Classon, Chairman of the Executive Committee of Bayer HealthCare: "Bayer HealthCare has a comprehensive range of health products for people and animals. One of our strengths lies in our broadly based and competitive portfolio. Four of our five divisions are among the top five suppliers in their respective markets. This gives us a good starting position from which to build a strong HealthCare company."

With its Pharmaceuticals, Diagnostics, Biological Products, Consumer Care and Animal Health divisions, Bayer HealthCare comprises all the health care activities of the Bayer Group worldwide. The new subgroup also includes the German affiliates Bayer Vital GmbH and KVP Kieler Pharma + Veterinärprodukte GmbH, along with numerous foreign subsidiaries. Bayer HealthCare currently employs about 34,000 people worldwide and had sales in 2002 of EUR 9.4 billion.

"Bayer Chemicals is an innovative and progressive company," explained Dr. Ulrich Koemm, Chairman of the Board of Management of Bayer Chemicals AG. "With our high-quality products and our first-class customer service, we are creating the basis for long-term success." Bayer Chemicals is a leading supplier of innovative specialty chemicals, with approximately 14,500 employees at 130 sites around the world. This new subgroup includes the existing chemicals businesses of Bayer AG and subsidiary Wolff Walsrode AG. Bayer Chemicals also has operating responsibility for H.C. Starck GmbH.

The products of Bayer Chemicals are functional building blocks for system solutions, finishing processes and additives in electronics and optics, food products, dyestuffs, clothing, leather, textiles, paper, plastics, rubber, construction materials and advanced ceramics. Bayer Chemicals also develops chemical processes for its customers and manufactures intermediates and active ingredients for pharmaceutical and crop protection products. The businesses of Bayer Chemicals had combined sales in 2002 of EUR 3.3 billion.

Bayer Technology Services is a globally operating service company for the development, planning, construction and process optimization of chemical and pharmaceutical production facilities. "We aim to help our customers secure and expand a global competitive advantage through technological innovations and cost-effective solutions," said Dr. Wolfram Wagner,Managing Director of Bayer Technology Services GmbH. "With the establishment of this new company, the decades of experience and broad expertise of our approximately 2,300 engineers and scientists is now increasingly available to external customers as well."

This Bayer service company employees around 2,300 experts around the world,with headquarters in Leverkusen and regional offices in Baytown, Texas; Antwerp, Belgium; Mexico City, Mexico; Sao Paulo, Brazil; and Shanghai, China. Including utilities procurement for all Bayer sites in Germany, Bayer Technology Services generated revenues in 2002 of EUR 690 million.

Source: Bayer AG


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