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Bayer Cuts Forecast for 2012 Sales Growth
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Bayer AG cut its forecast for sales growth this year amid a disappointing performance for its plastics business.
Revenue will climb about 3 percent this year on higher sales of medicines and crop chemicals, the Leverkusen, Germany-based company said in a statement today. Bayer previously forecast an increase of about 5 percent. Sales and profit in the MaterialScience plastics division will be unchanged this year after performing below expectations in 2011, Bayer said.