Bayer CropScience Purchases Land Adjacent to its Research Triangle Park
Acquired Parcel From Research Triangle Foundation Positions Company for Future
RESEARCH TRIANGLE PARK, N.C., Dec. 20, 2012 (GLOBE NEWSWIRE) -- via PRWEB -
Bayer CropScience LP today announced it has purchased nearly 70 acres of land
located directly north of its current Research Triangle Park property at the
intersection of T.W. Alexander Drive and North Carolina Highway 147 from the
Research Triangle Foundation. This additional section of land provides the
leading crop protection company the ability to expand its North American
headquarters in the future.
"Bayer CropScience is committed to Research Triangle Park as its North
American headquarters," said Jim Blome, president and CEO of Bayer CropScience
LP. "With this newly acquired property, we now have flexibility to expand our
business and continue to develop innovative agricultural technologies to feed
a hungry planet."
In July, Bayer CropScience completed construction on a USD 20 million, 60,000
square-foot greenhouse, which is used for soy, corn and other broadacre crop
research. In addition, the company recently announced plans to break ground in
February on its North American Bee Care Center, a more than 6,600 square feet
building in Research Triangle Park, which will serve as a gathering place for
researchers, bee experts, students and other visitors to meet regularly with
leading Bayer scientists.
The Research Triangle Foundation continues to see Bayer CropScience as an
integral player in the growth and reputation of Research Triangle Park.
"Over the years, Bayer CropScience has played an important role in the
Research Triangle Park's research and development community," said Bob Geolas,
CEO of The Research Triangle Park. "The Foundation is happy to support Bayer
as it continues to grow its presence and invest in the Park and what it stands
for--innovation and economic growth. Biotech remains a focus for many of our
companies here in RTP – and leaders like Bayer uphold our reputation as a R&D
About Bayer CropScience
Bayer is a global enterprise with core competencies in the fields of health
care, agriculture and high-tech materials. Bayer CropScience, the subgroup of
Bayer AG responsible for the agricultural business, has annual sales of EUR
7.255 billion (2011) and is one of the world's leading innovative crop science
companies in the areas of seeds, crop protection and non-agricultural pest
control. The company offers an outstanding range of products including high
value seeds, innovative crop protection solutions based on chemical and
biological modes of action as well as an extensive service backup for modern,
sustainable agriculture. In the area of non-agricultural applications, Bayer
CropScience has a broad portfolio of products and services to control pests
from home and garden to forestry applications. The company has a global
workforce of 21,000 and is represented in more than 120 countries. This and
further news is available at: press.bayercropscience.com.
Bayer CropScience Media Hotline, 1-877-879-6162, or
External Communications Manager
Tel: (919) 549-2998
Find more information at http://www.bayercropscience.us.
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 http://www.bayer.com. The company assumes no liability
whatsoever to update these forward-looking statements or to conform them to
future events or developments.
This article was originally distributed on PRWeb. For the original version
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CONTACT: Bayer CropScience
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