Tuesday, December 21, 2010

Bayer CropScience acquires Wheat Breeding programs from Ukrainian Breeding Companies

Further milestone for strategic crop for Bayer CropScience

Monheim, Germany, and Kiev, Ukraine, December 21, 2010 – Bayer CropScience today announced the acquisition of the wheat breeding programs from two Ukrainian breeding companies, SORT and EUROSORT, based in Mironivka close to the capital Kiev. With this agreement, Bayer CropScience will gain access to outstanding wheat lines with excellent winter hardiness and drought tolerance. Bayer CropScience has already established wheat-breeding programs at the premises of the renowned Mironivka-Institute. Financial details were not disclosed.

“Wheat is a strategic crop for Bayer CropScience and as part of its investment plans the company is putting significant resources into research and development to raise productivity of wheat cropping. The acquisition of this germplasm pool will significantly enhance our wheat breeding efforts globally,” said Hartmut van Lengerich, Head of Crop Strategy Cereals, Oilseeds & Sugar Beet at Bayer CropScience.

“Our objective is to become the partner of choice to wheat growers and the wheat industry and to offer superior integrated solutions to improve sustainable cereal production. Our first in class varieties will complement our already leading portfolio of crop protection, seed treatment and service solutions allowing us to serve wheat growers from seed to harvest”, stated van Lengerich.

Key figures about wheat:
With about 25 percent of the global agricultural land under wheat cultivation, it is the largest cereal crop in terms of acreage and one of the world’s most important staple foods. Wheat is the second most-produced cereal crop after corn with more than 650 million tons produced every year. Wheat productivity is increasing at less than 1 percent annually, while the annual global demand is growing at approximately double that percentage. Main wheat producing regions are Australia, the Black Sea Region, China, the EU, India and North America.

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About Bayer CropScience
Bayer is a global enterprise with core competencies in the fields of health care, nutrition and high-tech materials. Bayer CropScience AG, a subsidiary of Bayer AG with annual sales of about EUR 6.5 billion (2009), 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 18,700 and is represented in more than 120 countries.

Forward-Looking Statements
This release may contain forward-looking statements based on current assumptions and forecasts made by Bayer Group or subgroup management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in Bayer’s public reports which are available on the Bayer website at www.bayer.com. The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.

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