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Bayer CropScience and the Chinese Academy of Agricultural Sciences signed Memorandum of Understanding


WEBWIRE

Strategic partnership in seeds and traits business development

Monheim – Bayer CropScience signed a Memorandum of Understanding (MoU) with the Chinese Academy of Agricultural Sciences (CAAS) on agricultural research for joint development and global marketing of agricultural products. CAAS and Bayer will initiate joint projects using the latest technologies in the areas of plant breeding, genetics, genomics and seed production. With this, Bayer CropScience strengthens its successful cooperation with CAAS and its institutes in agricultural research and enforces the company’s commitment to expand its agriculture related business in China. The MoU was signed in Ghent, Belgium, following a Cooperation Summit of Bayer CropScience and CAAS earlier this year.

“By combining both parties’ strengths, CAAS and Bayer CropScience will jointly develop advanced technologies, that will improve farming productivity and enhance the quality of agriculture produce”, said Dr. Joachim Schneider, Head of the BioScience Business Unit at Bayer CropScience. “With this cooperation, we will further expand our seeds and traits business in China in accordance with the long term plan for sustainable development of Chinese agriculture".

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 5.8 billion (2007), is one of the world’s leading innovative crop science companies in the areas of crop protection, non-agricultural pest control, seeds and plant biotechnology. 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 about 17,900 and is represented in more than 120 countries. This and further news is available at: www.newsroom.bayercropscience.com

More information is available at www.bayercropscience.com

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This news 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 described by Bayer in published reports. These reports 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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