Bayer CropScience Invests USD 20 Million in New BioScience Greenhouse at RTP
Monheim, Germany and Research Triangle Park, NC (March 2, 2011) -- Bayer CropScience plans the construction of a new greenhouse at its North American headquarters located in Research Triangle Park (RTP), North Carolina, for about USD 20 million. The new state-of-the-art greenhouse will be a key facility in support of the expansion of BioScience research and development activities within the United States.
The greenhouse will be designed to conduct GM and non-GM trait research, and also will support discovery research for molecular breeding and the development of data packages for trait deregulation. The total area of the building will be about 5,600 square meters, with about 2,800 square meters of greenhouse space, and will accommodate 25 staff members.
"We continue to expand our activities in seeds traits. With the BioScience Innovation Center in Morrisville and the construction of the new greenhouse, the RTP area is rapidly becoming a major research hub for our company," said Sandra E. Peterson, Chairman of the Board of Management of Bayer CropScience.
"It has been exciting to work with and support the expansion of Bayer. With our land options, outstanding educational institutions, N.C. agricultural heritage, business-friendly environment and highly trained workforce, AG bioscience has grown and prospered in Research Triangle Park."
In 2010, BioScience moved ahead strongly and saw a 36.6 percent rise in sales to EUR 687 million (2009: EUR 503 million). The business unit achieved double-digit sales growth in each of the main crops cotton, canola, rice and vegetables. The largest increase was in the cotton seed business in North America.
About Bayer CropScience
Bayer is a global enterprise with core competencies in the fields of health care, nutrition and high-tech materials. Bayer CropScience, a subgroup of Bayer AG with annual sales of EUR 6.830 billion (2010), is one of the world’s leading innovative crop science companies in the areas of crop protection, non-agricultural pest control, seeds and traits. The company offers an outstanding range of products and extensive service backup for modern, sustainable agriculture and for non-agricultural applications. Bayer CropScience has a global workforce of 20,700 and is represented in more than 120 countries. This and further news is available at: www.press.bayercropscience.com.
About The Research Triangle Park
The Research Triangle Park is the leading and largest high technology research and science park in North America, covering 7,000 total acres. Founded in 1959, The Research Triangle Park is developed and managed by the non-profit Research Triangle Foundation of North Carolina. The Foundation is responsible for building and maintaining the physical aspects of the Park; attracting and retaining Park companies; and enhancing the competitive position of the Park and the Triangle region. To learn more about The Research Triangle Park, visit http://www.rtp.org.
Richard Breum, Bayer CropScience +49 2173 firstname.lastname@example.org
Cris Mulder, Research Triangle Foundation, email@example.com