Bayer Crop Science Plans to Invest Close to US$ 1 Billion in the US Market
Bayer CropScience is also investing constantly in its Seeds business. In June 2014, the company announced plans to expand its North American and global Seeds headquarters in Research Triangle Park (RTP), North Carolina. The RTP site has experienced significant operational growth in recent years, and approximately US$ 200 million will be invested through 2016. “The construction of greenhouses as well as the necessary infrastructure and land development represents our continued commitment to growth in RTP,” said Blome.
Investments in Seeds business and U.S. infrastructure
The overall RTP investment program includes further important projects, for example the construction of the Development North America facility dedicated to Crop Protection and Environmental Science research; renovations to Bayer CropScience’s North American headquarters, scheduled to be completed in 2015; construction of the 6,000 square-foot North American Bee Care Center; and the purchase of 70 acres of land to accommodate future growth, which includes a new 29,500 square-foot greenhouse.
Bayer CropScience also plans to invest approximately US$ 90 million in its Cotton Research and Development Laboratory in Lubbock, Texas. Founded in 1998, the company’s global cotton headquarters is focused on providing cotton growers with the products and solutions they need to meet the world’s growing demand for fiber. With a staff of around 120 experts, Bayer CropScience operates two breeding stations, a seed processing plant, a quality assurance lab, a seed warehousing facility, and a state-of-the art research and development lab.
Complementing this, the company also invested US$ 17 million in the expansion of its Memphis Research and Development site, bringing total greenhouse capacity to 76,000 square feet. Located in the heart of the Mississippi Delta, a world-class group of scientists, researchers, technicians and agronomists with a specialized set of skills is developing high quality cotton and soybean varieties as well as trait innovations. Their aim is to support Bayer CropScience’s growing global cotton and soybean seed businesses through molecular breeding and other innovative technologies.