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May 07, 2015 4:28 AM ET

Food Products

Company Overview of Bayer CropScience AG

Company Overview

Bayer CropScience AG operates as a crop science company in the areas of seeds, crop protection, and non-agricultural pest control. It offers crop solutions, as well as seeds and traits in the areas of cotton, citrus, fruit and vegetables, corn/maize, oilseeds, rice, soy, grape, wheat, sugar beets, rice, and sugar cane; chemical and biological crop protection solutions, including fungicides, herbicides, insecticides, and seed growth solutions; and services for sustainable agriculture. The company provides information and related videos on crops, such as areas under cultivation and production volumes and their natural enemies; and pests, diseases, and weeds. The company serves customers in Eur...

Alfred-Nobel-Strasse 50

Monheim am Rhein,  40789

Germany

Founded in 1999

Phone:

49 2173 38 0

Fax:

49 2173 38 3034

Key Executives for Bayer CropScience AG

Chairman of Management Board and Chief Executive Officer
Age: 46
Chief Financial Officer and Member of The Board of Management
Age: 49
Chief Executive officer of the North American Region, President of the North American Region and Head of Crop Protection for the North American Region
Chairman of the Management Board - Bayer AG
Age: 68
Chief Executive Officer of Bayer Ag
Age: 57
Compensation as of Fiscal Year 2014.

Bayer CropScience AG Key Developments

CropScience Reports Earnings Results for the First Quarter of 2015

CropScience reported earnings results for the first quarter of 2015. For the quarter, sales increased slightly by 1% to EUR 3.1 billion. The company posted currency-adjusted sales declines of 15% in North America in the quarter. Adjusted EBITDA was EUR 1,040,000,000, a 5% lower than last year. The positive effect of higher selling prices was offset by decreased volumes and higher expenses for marketing and sale.

Plant Impact plc Enters into Agreement with Bayer Cropscience for the Development of Crop Efficiency Technologies for Soy

Plant Impact plc announced that it has signed an additional agreement with Bayer CropScience to develop yield enhancing technologies for soy cultivation. The agreement encompasses a multi-year partnership for Plant Impact to develop, and Bayer CropScience to potentially commercialise, new products in the soy markets of the Americas, including Brazil, the United States and Argentina. Growers in these three crucial markets are expected to cultivate more than 85 million hectares of soy in the 2014/15 cropping season, and the Americas are responsible for more than 90% of the global export trade in soybeans, soy meal and soybean oil. Plant Impact develops products to complement and enhance the effects of modern crop protection programs, enabling growers to deliver consistently higher marketable yields. These current and pipeline technologies include both foliar crop sprays and industrial seed treatments which improve the soy plant's ability to withstand stress at various critical growth stages. Bayer CropScience markets a full range of products to soy growers including high value seeds and innovative crop protection solutions based on both chemical and biological modes of action. This agreement supplements the August 2014 agreement between the parties, whereby Bayer markets Veritas®, a product developed by Plant Impact which improves the soy plant's capacity to fix pods and fill grains at critical growth stages. This newly-announced agreement extends the initial period of the Brazil Veritas® agreement to ten years and also grants Bayer CropScience exclusive first rights of commercialisation over Plant Impact's current and future pipeline of products for soybeans throughout the Americas. Bayer will make payments to Plant Impact of up to $9 million, of which $3 million will be paid initially and up to $6 million paid against various milestones. The terms for the ultimate commercialisation of new products will be agreed between the two parties at a later date.

Bayer Cropscience, Ltd. and GLOBALG.A.P. Expand Collaboration for Sustainable Farm Practices

Bayer Cropscience Ltd. and GLOBALG.A.P. expanded their collaboration to implement sustainable farm practices, and help fruit and vegetable growers comply with GLOBALG.A.P. certification standards. The new BayG.A.P. service program consists of three main pillars: intensive group training, individualized crop advice and Farm Assurance with localg.a.p. Participating farmers will benefit from certified high-quality produce that they can sell at higher prices and thus improve farm income, while traders and retailers benefit from consistent high product quality, safety and traceability.

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