Bayer CropScience and the Chinese Academy of Agricultural Sciences signed memorandum of understanding

Bayer CropScience signed a Memorandum of Understanding (MoU) with the Chinese Academy of Agricultural Sciences (CAAS) on agricultural research for joint development and global marketing of agricultural products. CAAS and Bayer will initiate joint projects using the latest technologies in the areas of plant breeding, genetics, genomics and seed production. With this, Bayer CropScience strengthens its successful cooperation with CAAS and its institutes in agricultural research and enforces the company’s commitment to expand its agriculture related business in China. The MoU was signed in Ghent, Belgium, following a Cooperation Summit of Bayer CropScience and CAAS earlier this year.

"By combining both parties strengths, CAAS and Bayer CropScience will jointly develop advanced technologies, that will improve farming productivity and enhance the quality of agriculture produce”, said Dr. Joachim Schneider, Head of the BioScience Business Unit at Bayer CropScience. “With this cooperation, we will further expand our seeds and traits business in China in accordance with the long term plan for sustainable development of Chinese agriculture".

Bayer is a global enterprise with core competencies in the fields of health care, nutrition and high-tech materials. Bayer CropScience AG, a subsidiary of Bayer AG with annual sales of about EUR 5.8 billion (2007), is one of the world’s leading innovative crop science companies in the areas of crop protection, non-agricultural pest control, seeds and plant biotechnology. The company offers an outstanding range of products and extensive service backup for modern, sustainable agriculture and for non-agricultural applications. Bayer CropScience has a global workforce of about 17,900 and is represented in more than 120 countries.