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BBTS, based in Pittsburgh, is a joint US-organization comprised of the twoBayer service groups Bayer Business Services (BBS) and Bayer TechnologyServices (BTS), both headquartered in Leverkusen, Germany. The newUS-organization includes the following service functions: informationtechnology; the shared services functions of human resources(HR//direct -- Pittsburgh); business consulting; procurement; finance andaccounting services; and engineering and site services.
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The service functions that currently operate within the U.S. legal entityBayer Corporate and Business Services LLC will transition to the new U.S.legal entity BBTS LLC, effective October 1.
About Bayer
Bayer employs 17,000 people at more than 50 sites in North America,including more than 20 production facilities. Its sales in the region exceededEUR 8 billion in 2007, thus accounting for one-quarter of the total Groupsales of EUR 32.4 billion. An investment volume of approximately EUR 11billion -- including research and development expenses -- over the past 10years underlines Bayer's commitment in North America.
Bayer is a global enterprise with core competencies in the fields ofhealth care, nutrition and high-tech materials. The company, founded in 1863,is headquartered in Leverkusen, Germany. Its U.S. subsidiary, BayerCorporation, has its headquarters in Pittsburgh, Pa. The company's productsand services are designed to benefit people and improve their quality of life.At the same time, Bayer creates value through innovation, growth and highearning power. The Group is committed to the principles of sustainabledevelopment and to its role as a socially and ethically responsible corporatecitizen. Economy, ecology and social commitment are corporate policyobjectives of equal rank.
For more information about Bayer, visit http://www.BayerUS.com.
Forward-Looking Statements
This news release contains forward-looking statements based on currentassumptions and forecasts made by Bayer Group management. Various known andunknown risks, uncertainties and other factors could lead to materialdifferences between the actual future results, financial situation,development or performance of the company and the estimates given here. Thesefactors include those discussed in our annual and interim reports filed withthe Frankfurt Stock Exchange. The company assumes no liability whatsoever toupdate these forward-looking statements or to conform them to future events ordevelopments.
SOURCE Bayer
