Company Overview
Alfred-Nobel-Strasse 50
Monheim am Rhein, 40789
Germany
Founded in 1999
Key Executives
Key developments for Bayer CropScience AG
Bayer CropScience AG intends to make acquisitions. The company plans to become one of the global leaders in the fields of plant seeds and biotechnology, company's chief executive officer, Friedrich Berschauer, said. He added that although acquisitions are essential in meeting this goal, these will not be deals worth billions, as mostly small companies are active in the seed business.
Bayer CropScience AG signed a global co-operation agreement with The Greenery B.V. The aim of the co-operation is to further expand food chain partnership projects on a global scale. Food chain partnership projects pursue the sustainable production of high-quality fruit and vegetables, and support producers to implement optimised crop protection programmes.
Bayer CropScience AG has successfully ended a patent infringement dispute in China with Jiangsu Tianrong Group Co. Ltd. and Yixing Hua Dong Agrochemical Company Ltd. and in so doing has defended its patent for the safener mefenpyr. Bayer CropScience had initiated litigation against Tian Rong and Hua Dong for infringing its mefenpyr patent. In January 2009, the Wuxi intermediate court of first instance ruled in favor of the Bayer subgroup. The two defendants appealed the decision to Jiangsu High Court in March. Recently, the decision of the first instance court became effective due to the withdrawal of the appeal by Tian Rong and Hua Dong. Under Jiangsu High Court's mediation, a settlement was reached between Bayer CropScience and the two companies, under which Tian Rong and Hua Dong undertook to cease the infringing acts. Bayer CropScience will further receive damages and a public apology from the infringer.
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