Bayer AG. (Acquisitions, Expansions).Germany's Bayer AG Bayer AG German chemical and pharmaceutical company. Founded in 1863 by Friedrich Bayer (1825–1880), it now operates plants in more than 30 countries. Bayer has originated scores of pharmaceuticals, chemicals, and synthetic materials; it was the first developer and has kicked off a massive China expansion plan with a joint venture deal to build a $450 million Shanghai Shanghai (shăng`hī`, shäng`hī`), city (1994 est. pop. 12,980,000), in, but independent of, Jiangsu prov., E China, on the Huangpu (Whangpoo) River where it flows into the Chang (Yangtze) estuary. polycarbonate A category of plastic materials used to make a myriad of products, including CDs and CD-ROMs. plant. Bayer said the joint venture with Chlor Alkali alkali (ăl`kəlī) [Arab., al-gili=ashes of saltwort], hydroxide of an alkali metal. Alkalies are readily soluble in water and form strongly basic solutions with a characteristic acrid taste. marked the first step in the German firm's $3.1 billion investment plan to set up a chemical complex in the eastern Chinese city. Under the deal, Bayer would provide 90% of the capital and control that percentage of the venture, called Bayer Polymer Shanghai. Chlor Alkali would hold a 10% stake. |
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