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Bayer to invest heavily in China under new global strategy, XINHUA.
Publication: Finance Wire Publication Date: 28-NOV-03 |
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COPYRIGHT 2003 FDCH e-media
Original Source: Emerging Markets Datafile
BEIJING, Nov. 28 (Xinhua) -- Bayer Chairman Werner Wenning said here Friday the multinational chemical giant was to develop a world-class production base in China in order to realize its readjusted goal of global development.
As a major strategic step taken after reshuffling its global business, Bayer announced the construction of its largest investment project in China this week. The 450-million-US dollar chemical plant, located in the Caojing Chemical Industrial Zone in Shanghai, is scheduled to go into operation in the second...
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