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Bayer Pledges $2 Million to Hurricane Katrina Relief Effort; Matches Employee Donations Dollar For Dollar.


PITTSBURGH -- Bayer Corporation today announced that, together with the Bayer Foundation, it has committed $2 million in cash and product donations to the Hurricane Katrina Editing of this page by unregistered or newly registered users is currently disabled due to vandalism.  relief effort.

The Bayer Foundation will match Bayer employee donations dollar for dollar, which will then be donated to the American Red Cross American Red Cross: see Red Cross. .

"We at Bayer are deeply moved by the news reports following the devastation caused by Hurricane Katrina. To help in the relief efforts, Bayer is actively coordinating employee donations, and collecting and shipping key products and other critical material to where it is needed," said Dr. Attila Molnar, Bayer Corporation president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. .

Bayer has received no reports to date of any impact on its employees or facilities. The company does not have major facilities in the region directly affected by the hurricane.

Bayer Corporation, headquartered in Pittsburgh, is part of the worldwide Bayer Group, an international health care, nutrition and innovative materials group based in Leverkusen, Germany. In North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. , as of April 2005, Bayer employed about 16,000 and had net sales Net Sales

The amount a seller receives from the buyer after costs associated with the sale are deducted.

Notes:
This amount is calculated by subtracting the following items from gross sales: merchandise returned for credit, allowances for damaged or missing goods, freight
 in 2004 of 8.3 billion euros. Bayer's three operating companies - Bayer HealthCare LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, Bayer CropScience LP and Bayer MaterialScience LLC - improve people's lives through a broad range of essential products that help diagnose and treat diseases, protect crops and advance automobile safety and durability.

Forward-Looking Statements

This news release contains forward-looking statements based on current assumptions and forecasts made by Bayer Group management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in our public reports filed with the Frankfurt Stock Exchange Frankfurt Stock Exchange

The largest of Germany's eight securities exchanges, operated by Deutsche Borse AS.
 and with the U.S. Securities and Exchange Commission (including our Form 20-F). The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
COPYRIGHT 2005 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Geographic Code:1USA
Date:Aug 31, 2005
Words:316
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