GERMANY

Bayer CropScience Announces Major R&D Investment
Bayer CropScience, buoyed by soaring demand and prices for agricultural crops, has announced plans to invest €3.4 billion in R&D between 2008 and 2012. Almost €2.7 billion will be spent to develop "innovative crop protection products"...

Engel to Succeed Müller as Evonik Chairman
The supervisory board of Evonik Industries has nominated Klaus Engel as chairman of the company...

BASF ‘Sweetens’ Styrenics Divestment with Copolymers
BASF has widened the scope of the previously announced sale of its styrenics business and announced plans to reorganize its styrenics activities in preparation for divestment. The move follows unsuccessful attempts to sell the business, which it put up for...

DSM Biologics to Produce Antibody for MorphoSys
DSM Biologics, a unit of DSM, says it has signed a biopharmaceutical manufacturing agreement with biotech firm MorphoSys (Martinsried, Germany). The deal calls for DSM to develop and manufacture MOR202, a fully human antibody for the treatment of multiple...

Lanxess Moves to Cologne
Lanxess has announced plans to move its headquarters from Leverkusen to Cologne...

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