The Bayer Group is targeting further expansion in Japan and plans to invest over EUR 130 million by 2008. "Japan is the biggest and most successful country for Bayer in the Asia-Pacific region," said Werner Wenning, Chairman of the Board of Management, at a press conference in Tokyo during "Bayer Week", an event held in conjunction with Japan's "Germany Year". Group sales in Japan rose by 7.8 percent in the first 9 months of 2005 to Yen 149 billion (approximately EUR 1.1 billion). This makes the country the Group's third largest sales market behind the USA and Germany. "It is our firm intention to further expand our presence in Japan and to continue to grow faster than the market," explained Wenning.
Biotech Intelligence (http://www.biotech-intelligence.com/html/html/d96084ce7eee77a6fa3f7a3c698aeed0.html)