04 April 2009 00:04 [Source: ICIS news]
SAO PAULO (ICIS news)--Bayer plans to invest some Brazilian reais (R)140m ($64m, €47m) on Brazilian operations in 2009, or 31% more than last year, the company said on Friday.
The money will be spent mainly on expanding the company’s three plants in ?xml:namespace>
“Bayer has been committed with
Laepple added that Brazilian operations play an important role in the group and that the expansion means Bayer will continue hiring in the country.
Bayer’s growth rate in
According to Bayer, while growth rates in Europe, North America and Asia have reached 2.5-6%, Latin America, Africa and the
Bayer’s revenue in
The company’s local agriculture division posted a 37% growth in the period, with sales in the order of R1.8bn.
($1 = R 2.2 = €0.74)
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