in this issue
World News and Views :: Top of the News
Bayer Reduces Production at Its MaterialScience Unit; More Cuts Are to Come
December 12, 2008 | Natasha Alperowicz in Leverkusen
Bayer is responding to the "considerably weaker sales and earnings" at its Bayer MaterialScience (BMS) subgroup by cutting back production in some areas with more measures to come, says Werner Wenning, Bayer chairman and CEO. Addressing the media in Leverkusen today at a 'Bayer Perspective on Innovation 2008' event, Wenning said that sales and earnings at BMS were even weaker in November than in the previous month. "We are preparing further measures next year, such as temporary shutdowns and short-time working," he says. He will announce...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee