Source: Bayer CropScience

Bayer CropScience intends to maintain its growth strategy with innovative crop protection agents, high-quality seed and enhanced plant traits. To this end, the company plans to further strengthen its portfolio in conventional crop protection and increase the proportion of new, high-margin products. In the area of seeds and traits, the regional business will be expanded and long-term growth will be generated with new crops. Bayer CropScience intends to pursue research cooperations, licensing agreements and further acquisitions to further strengthen its strategic position.

The acquisition and subsequent integration of Aventis CropScience in 2002 made Bayer CropScience one of the world's most successful crop science companies in the years thereafter. Bayer CropScience's sales reached an all-time high of EUR 6.5 billion in 2009, and the margin has almost continuously improved since the company's founding, said Professor Dr. Dr. h.c. Friedrich Berschauer. Professor Berschauer, who has been Chairman of the Board of Management of Bayer CropScience since 2004, will enter his retirement on October 1. 

Original news release