Bayer CropScience to set up new US R&D centre; 130 jobs planned

07 May 2009 14:54  [Source: ICIS news]

TORONTO (ICIS news)--Bayer CropScience plans to set up a plant technology centre in Morrisville, North Carolina, creating 130 jobs over five years, the Germany-based producer said on Thursday.

The new site, which was being supported by the North Carolina state government, would begin operations in autumn, the company added.

Bayer would invest $10m (€7.5m) at Morrisville as it was working to extend its seeds and traits business in the important US market, it said.

Last year, 86% of land used for growing cotton in the US was planted with genetically modified varieties, the company said, citing US Department of Agriculture data. For corn and and soybeans, the percentages were 80% and 92%, respectively. 

Bayer CropScience currently employs a staff of 2,400 in the US.

Overall, Bayer CropSciene planned to invest some €750m in research and development in seeds and traits from 2008 through 2012, it said.

($1 = €0.75)

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By: Stefan Baumgarten
+1 713 525 2653



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