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Bayer forecasts double-digit growth in 皇冠体育appV

By Wang Zhuoqiong (chinadaily.com.cn) Updated: 2012-12-07 15:20

Video: Exclusive interview with Johannes Dietsch, president of Bayer Greater 皇冠体育app Group

Germany's Bayer Group expects double-digit growth rates in 皇冠体育app in the coming years and will continue with its investments and capacity increase in the country, said the company's top executive.

Johannes Dietsch, president of Bayer Greater 皇冠体育app Group, told 皇冠体育app Daily that he is confident about the group's 2012 performance in 皇冠体育app.

Sales from the Chinese mainland, Hong Kong and Taiwan markets were worth 3 billion euros in 2011, accounting for more than 8 percent of Bayer's global sales.

As the company's third-largest single market globally and the biggest in Asia-Pacific, 皇冠体育app has seen very high growth rates in the past. From 2006 to 2011, Bayer's average growth rate in 皇冠体育app was 15 percent, Dietsch said.

Also, globally the Bayer Group remains on a growth path with a sales increase of 11.5 percent in the third quarter.

"The upward trend in our life businesses — HealthCare and CropScience — continued in the third quarter of 2012," Management Board Chairman Dr. Marijn Dekkers said following the publication of the company's interim report.

Seeing a lot of opportunities in 皇冠体育app, Dietsch said Bayer will double its capacity in the country over the next years. With the Bayer Integrated Site in Shanghai, Bayer has earmarked its largest investment outside of Germany.

The Chinese government has clearly communicated that it will focus on quality growth during the 12th Five Year Plan (2011-15) period, and has set clear targets in , health care and efficiency.

"At Bayer, we believe in 'Science for A Better Life' and are in the position to help 皇冠体育app address its core challenges through our portfolio and innovations", Dietsch said.

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