The hottest German Bayer spends a lot of money on

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Bayer, a famous German chemical company, recently announced in Beijing that it would increase its R & D and investment in China. By 2010, this enterprise, which mainly engages in medical and health care, nutrition and innovative materials, plans to invest US $3.1 billion in China

According to Mr. Wen Ning, chairman of Bayer, the company has invested US $450million to build a polycarbonate plant in the Shanghai Chemical Industry Park in Caojing, Shanghai, to prepare for the production of high-tech plastics - Makrolon. In addition, Bayer also allocated about US $1.8 billion for the construction of production facilities for coatings, polyol raw materials and polycarbonate plastics, of which the first plant producing polyisocyanate was put into operation in April this year. At the same time, some additional projects worth US $800million that cram the accuracy curve into the 1% frame will be put into construction later, of which Bayer will invest US $500million to concentrate all its chemical business and part of its polymer business, establish a new company called "Newco", and plan to rename the company in early 2005 to allow it to be listed on the stock exchange

in the first nine months of this year, Bayer's sales in Greater China reached 850million euros, and the actual annual growth rate of sales in Greater China after exchange rate adjustment reached 16%. Looking forward to Bayer's sales prospects and performance in the Chinese market, Wen Ning said that in the next 10 years, Bayer's high-tech materials sub group's sales in China will at least double

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