In Ger­man-on­ly an­nounce­ment, Bay­er in­vests $1.5B in­to na­tive coun­try man­u­fac­tur­ing

Bay­er has signed a deal to pump $1.53 bil­lion in­to ex­pand­ing the man­u­fac­tur­ing op­er­a­tions in Bergka­men, Berlin, Lev­erkusen, Weimar and Wup­per­tal.

The deal will help es­tab­lish hubs for in­no­v­a­tive re­search meth­ods and dig­i­tal tech­nol­o­gy, as well as the mod­ern­iza­tion of fa­cil­i­ties and more in­ten­sive col­lab­o­ra­tion with uni­ver­si­ties and star­tups.

“We are thus giv­ing the em­ploy­ees in Ger­many much-need­ed ori­en­ta­tion and cre­at­ing the ba­sis for com­pet­i­tive, sus­tain­able and grow­ing em­ploy­ment in Ger­many,” Oliv­er Züh­lke, the chair­man of the Bay­er Ge­neal Works Coun­cil, said in a trans­lat­ed state­ment. “At the same time, we want to strength­en Bay­er’s glob­al com­pet­i­tive­ness and in­no­v­a­tive strength from Ger­many and sup­port the group in achiev­ing its growth tar­gets.”

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