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World News and Views :: Projects

Bayer to Invest $155 Million in Brazil Operations

3:45 PM MDT | June 30, 2008 | Chemical Week Editorial Staff

Wenning: Big growth region. Bayer plans to invest about €100 million ($155 million) at sites in Brazil, its biggest market in Latin America, through the end of 2009, says CEO Werner Wenning. Bayer will invest €40 million to modernize and upgrade plastics precursors and crop protection plants at its Belford Roxo site, and partner companies will invest an additional €55 million at the Bayer industrial park at Belford Roxo, Wenning says. The projects will create 800 jobs in the Belford Roxo area, in addition to the 2,000 existing positions at this...

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