Bayer Salutes Top 12 Suppliers.Business Editors PITTSBURGH--(BUSINESS WIRE)--May 13, 2003 (NYSE NYSE See: New York Stock Exchange :BAY) Recognizing that it is impossible to maintain production of world-class goods without dependable and world-class suppliers, Bayer today honored its top 12 with the company's premier supplier recognition, the Look of a Leader Award for 2002 performance. The winners were chosen from among thousands of suppliers in North America that provide Bayer with over $5 billion in raw materials, service and supplies for its polymers, chemicals, crop science and health care businesses. Honored were Burkhead-DeVane, Inc.; Chief Container Co. Inc.; FedEx Corporation; GE Corporate Payment Services; Gilbane Building Company; North Carolina North Carolina, state in the SE United States. It is bordered by the Atlantic Ocean (E), South Carolina and Georgia (S), Tennessee (W), and Virginia (N). Facts and Figures Area, 52,586 sq mi (136,198 sq km). Pop. Box, Inc. (Division of Pratt Industries); Nova Chemicals Corporation; Olin Corporation; PPG Industries, Inc.; Shell Chemical Company; Sunbelt Supply Company; and WorldTravel BTI BTI Beverage Testing Institute BTI Boyce Thompson Institute BTI British American Tobacco (stock symbol) BTI Boston Theological Institute Bti Bacillus Thuringiensis Israelensis BTI BioTechnology Institute BTI Binding Tariff Information . "As our businesses are diverse, so too are our top suppliers. However, they have in common two qualities - excellent service and dependability," said Dr. Attila Molnar, 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. of Pittsburgh-based Bayer Corporation, the holding company for global Bayer's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Region. "A premier supply chain is vital to meeting our own requirements and our demand for excellence in serving our customers and fulfilling the requirements for safety and product and environmental stewardship. These 12 suppliers were the best of the best for 2002," he added. Bayer's premier suppliers meet rigorous quality, performance, and technology and cost criteria. "Solid business partnerships with progressive, dedicated suppliers are essential to our success," said Robert A. Rudzki, Senior Vice President Materials Management and Chief Procurement Officer A Chief Procurement Officer (CPO) is an executive role focused on supply management for an enterprise. A report by Aberdeen Group shows a marked acceleration in the significance of procurement's role. , NAFTA NAFTA in full North American Free Trade Agreement Trade pact signed by Canada, the U.S., and Mexico in 1992, which took effect in 1994. Inspired by the success of the European Community in reducing trade barriers among its members, NAFTA created the world's Region. "These 12 exemplify the standards Bayer is working to develop with all our suppliers." Bayer Corporation, headquartered in Pittsburgh, is the U.S. holding company of the worldwide Bayer Group, an international health care and chemicals group based in Leverkusen Germany. Bayer employs 24,600 in North America with net North American sales of 8.9 billion Euros in 2002. Bayer's five operating companies--CropScience, Chemicals, HealthCare, Polymers and Pharmaceuticals--produce a broad range of products that help diagnose and treat diseases, purify water, preserve local landmarks, protect crops, advance automobile safety and durability and improve people's lives. The Bayer Group has nearly 118, 600 employees. Its stock is a component of the DAX and is listed on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. (ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors :BAY). For 2002, the group recorded sales of 29.6 billion Euros and a group net profit of 1.1 billion Euros. Capital expenditures totaled 2.4 billion Euros, and 2.6 billion Euros was invested in research and development. 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. |
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