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Bayer to Invest €100 Million in Brazil

7:59 AM MDT | June 23, 2008 | Kerri Walsh

Bayer plans to invest about €100 million ($155 million) at its Brazilian sites through the end of 2009, says CEO Werner Wenning. Bayer will invest €40 million to modernize and upgrade plastic precursors and crop protection plants at its Belford Roxo site, Wenning says. Bayer will invest about €60 million at its other Bayer sites in Brazil. Bayer’s partner companies say they will invest an additional €55 million at the Bayer industrial park at Belford Roxo, he says. The projects to be implemented by Bayer and its partners will create 800 new jobs in the...

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