BNET Industries
Last Fiscal Year Sales:$35.9B
- Public
- DE
Dow Jones Description
Bayer is a global enterprise with core competencies in the fields of health care, nutrition and high-tech materials. Our products and services are designed to benefit people and improve their quality of life. At the same time we want to create value through innovation, growth and improved earning power. We already successfully reorganized the Bayer Group and further streamlined our portfolio to create a new Bayer that is focused on its corporate strengths, its customers and the markets of the future. To help us achieve this goal, we then carried out a strategic realignment in order to concentrate in future on three high-potential, agile subgroups with largely independent operations: HealthCare, CropScience and MaterialScience, supported by three service companies. Our operating companies give us the access we need to the growth markets of the future. As an inventor company, we plan to continue setting trends in research-intensive areas. Innovations are the foundation for our competitiveness and our corporate growth, and thus for our success in the future. We believe our technical and commercial expertise entails a duty to contribute to sustainable development ? a principle we wholeheartedly endorse, mindful of its social, ethical and environmental elements. In awareness of our responsibilities as a corporate citizen, we define economy, ecology and social commitment as objectives of equal rank. We seek to retain society?s confidence through performance, flexibility and open communication as we work in pursuit of our overriding corporate goals: to steadily create corporate value and generate high value-added for the benefit of our stockholders, our employees and the community in every country in which we operate.
Director, Finance
Klaus KuhnNumber of Employees 122,100
Peer Companies
NAICS Code Plastics Material and Resin Manufacturing: 325211
Recent Events
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Bayers Betaferon approved in China for Treatment of Multiple Sclerosis
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UPDATE 3-US FDA declines to approve Endo testosterone drug
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UPDATE 1-Futuragene signs licence deal with Bayer CropScience
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Bayer and United Nations Environment Programme Launch 19th Annual International Children's...
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Bayer Consumer Care Launches CitracalR Calcium Plus Heart Health
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German drug, chemical company Bayer's Q3 net income falls 10 per cent
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Bayer, US Onyx launch phase III trial of Nexavar in patients with non-responsive thyroid cancer
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BRIEF-Credit Suisse raises targets on European pharma cos
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Bayer accused of hiding Yaz contraceptive risk
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Bayer downgraded to neutral from buy at UBS
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Abbott Laboratories to acquire Solvay Pharmaceuticals
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Bayer's contested kidney cancer drug shows benefit
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Bayer names new CEO
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Bayer Introduces CONTOUR USB - The First Blood Glucose Meter With Unique Plug & Play...
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Bayer's next CEO has a year to prepare Today
News & Analysis
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bayer ag and plastics - All News and Analysis
Bayer sells its share of Exatec.(Your Business: In Brief)
- 2007-10-01
Bayer MaterialScience AG in Germany agreed to sell its 50% share in Exatec LLC, Wixom, Mich., to its joint-venture partner, GE Plastics, Pittsfield, Mass., just prior to the sale of GE ... Bayer MaterialScience AG in Germany agreed to sell its 50% share in Exatec LLC,...
Environmentally Friendly Concept Car from Rinspeed and Bayer MaterialScience Illustrates Innovative Ideas for Plastics in the Car of the Future
- 2007-03-08
Geneva Motor Show Marks World Premiere of Transparent Concept Car, the "eXasis"
Resin will be a focal point at the Feb. Executive Forum.(News)
- 2007-01-22
The ever-popular topics of resin supply, demand, technology, pricing and global trends will be center stage when Plastics News convenes its 2007 Executive Forum in San Diego late next month. The North American presidents of Bayer MaterialScience LLC, The ever-popular topics of resin supply, demand, technology,...
Newsclips.(Briefs; plastics industry)
- 2007-01-08
More Collins & Aikman sites may close SOUTHFIELD, MICH. - Bankrupt auto supplier Collins & Aikman Corp. will close its Americus, Ga., injection molding plant as it prepares to sell off its assets. Other sites in Ontario also may be slate ...
Handy plastics reference: a comprehensive--and free--guide puts a wealth of plastics design knowledge at your fingertips.(DESIGN GUIDE)(Bayer MaterialScience L.L.C)
- 2005-03-07
Want to know more about designing with plastics? Bayer MaterialScience engineers can help. They recently distilled their collective knowledge about plastic part and mold design into a free guide available both on the Web and on paper. Want to know more about...
CHINA: Joint venture construction start-up on planned $560,000,000 plastics plant is expected to eventually lead to $3,100,000,000 investment in a petrochemical complex, BAYER AG [Germany] & SHANGHAI CHLORINE ALKALI CO. LTD. [China] - Order #: 014604.
- 2004-01-01
PROJECT OVERVIEW: PROJECT OVERVIEW:
CHINA: Joint venture construction start-up on planned $560,000,000 plastics plant is expected to eventually lead to $3,100,000,000 investment in a petrochemical complex, BAYER AG [Germany] & SHANGHAI CHLORINE ALKALI CO. LTD. [China] - Order #: 014604.
- 2004-01-01
PROJECT OVERVIEW: PROJECT OVERVIEW:
Bayer to float off rubber, chemicals, plastics units: spin off of 5600 [euro]-million turnover polymer and chemicals business will allow Bayer to focus on healthcare, crop science and materials science.(Rubber news)
- 2003-12-01
Bayer AG is to spin off its rubber business as part of a new entity, provisionally called NewCo, which will also include other parts of Bayer Polymers and the Bayer Chemicals AG subsidiary. Bayer AG is to spin off its rubber business as part of...
Plastics get a face-lift. (Hot Spots in Cyberspace).
- 2002-11-04
Bayer Plastics has also redesigned its website (www.BayerPlastics.com). Users may still download application, processing, design, and product information, but now they can also search for information by industry and application, visit an FAQ ... Bayer Plastics has also redesigned its website (www.BayerPlastics.com)....
Bayer Plastics boosts polyamide compounding capacity. (Breaking News: Roundup).(at Newark, Ohio, plant to meet demand for Durethan polyamide)(Brief Article)
- 2002-10-28
Bayer Plastics is doubling its Newark, Ohio, plant's capacity for compounding Durethan polyamide to meet surging demand for the product in automotive and consumer markets. Specific details of the expansion are not being disclosed, but the company s Bayer Plastics is doubling its Newark,...
Decision Makers
| Name (plus bio) | Position |
|---|---|
| Klaus Kuhn | Director, Finance |
| Richard Pott | Director, Strategy and Human Resources |
| Wolfgang Plischke | Director, Innovation, Technology and Environment |
| Hartmut Klusik | Head, Product Supply |
| Gary S Balkema | Executive Committee Member |
Board of Directors
| Name (plus bio) | Position |
|---|---|
| Arthur J Higgins | Chairman, HealthCare |
| Werner Wenning | Executive Chairman |
| Klaus Kleinfeld | Board of Directors |
| Paul Achleitner | Board of Directors |
| Organization | Position | Status |
|---|---|---|
| Bayer AG | Director, Finance | Current |
| University of South Carolina | MBA | Former |
| Organization | Position | Status |
|---|---|---|
| Bayer AG | Director, Strategy and Human Resources | Current |
| University of Cologne | doctorate in physics | Former |
| Organization | Position | Status |
|---|---|---|
| Bayer AG | Director, Innovation, Technology and Environment | Current |
| Bayer HealthCare AG | Manager | Current |
| Bayer HealthCare AG | Board of Directors | Current |
| Organization | Position | Status |
|---|---|---|
| Bayer AG | Head, Product Supply | Current |
| Organization | Position | Status |
|---|---|---|
| Bayer AG | Chairman, HealthCare | Current |
| Enzon Pharmaceuticals, Inc. | CEO | Former |
| Pharmaceutical Research and Manufacturers of America | member | Former |
| Bayer HealthCare, Animal Health Division | Chairman | Former |
| Enzon Pharmaceuticals, Inc. | Chairman | Former |
| Organization | Position | Status |
|---|---|---|
| Bayer AG | Executive Chairman | Current |
| Henkel AG & Co. KGaA | Supervisory Board | Current |
Klaus Kleinfeld is president and chief executive officer of Alcoa. He joined the company in 2007 as president and chief operating officer and seven months later assumed CEO responsibilities. He has served on Alcoa's board of directors since 2003. Alcoa is a world leader in the production and management of a very sustainable product: aluminum. Nearly 75% of the aluminum ever produced since 1888 is still in use today. The company has been a technology leader since its beginning, providing more than 90% of the aluminum alloys used in aircraft and space flight; helping making automobiles lighter, without compromising safety or performance; manufacturing sheet that created the ultimate recyclable container, the aluminum beverage can; and providing building and construction industry materials that help further the green building movement. In addition, to serving customers in these markets, Alcoa also markets wheels, fastening systems, precision and investment castings, and building systems. The company has 97,000 employees in 34 countries. Before coming to Alcoa, Mr. Kleinfeld had a 20-year career with Siemens, the global electronics and industrial conglomerate, based in the U.S. and Germany, where he served as chief executive officer of Siemens AG starting in 2005. During his tenure, Mr. Kleinfeld presided over a dramatic transformation of the company, reshaping the company's portfolio around three high growth areas, resulting in increase of revenues and market capitalization nearly doubled. Prior to his service on the Managing Board of Siemens AG, Mr. Kleinfeld was President and Chief Executive Officer of Siemens Corporation, its U.S. arm and the company's largest region. In addition to serving on Alcoa's board, he is a member of the board of Bayer AG. On the personal front, Mr. Kleinfeld was born in Bremen, Germany and educated at the University of Goettingen and University of Wuerzburg, both in Germany. He holds a Ph.D in strategic management and master's degree in business administration. In his leisure time, he enjoys skiing, tennis, the arts and is a marathon runner. Mr. Kleinfeld resides in New York with his wife and children.
| Organization | Position | Status |
|---|---|---|
| Alcoa, Inc. | President & Chief Executive Officer | Current |
| Bayer AG | Board of Directors | Current |
| Alcoa, Inc. | Board of Directors | Current |
| Siemens AG | President & CEO | Former |
| Siemens Corporation | Chief Executive Officer | Former |
| Alcoa, Inc. | Chief Operating Officer | Former |
| Siemens Corporation | Chief Operating Officer | Former |
| Siemens AG | Chief Operations Officer, U.S. | Former |
| Siemens AG | Executive Vice President | Former |
| Siemens AG | Audit Committee Principal | Former |
| Citigroup Inc. | Board of Directors | Former |
| Siemens AG | Board of Directors | Former |
| Siemens Corporation | member | Former |
| Organization | Position | Status |
|---|---|---|
| Allianz SE | Executive Director, Finance | Current |
| Bayer AG | Board of Directors | Current |
| Goldman, Sachs & Co. | Vice President, Mergers & Acquisitions | Former |
| Bain & Company | Manager, Strategy Consulting | Former |
| Organization | Position | Status |
|---|---|---|
| Bayer AG | Executive Committee Member | Current |
| Bayer HealthCare, Animal Health Division | President, Worldwide Bayer Consumer Care Division | Former |
| Fairleigh Dickinson University | master of business administration degree | Former |
Executive News
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Report from Europe: U.S. Close vs. China Rebound
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Alcoa Named Component of Dow Jones Sustainability Index for Eighth Consecutive Year
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Alcoa says global aluminium demand to fall 5.5 pct -Bloomberg
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Siemens To Settle Bribery Charges with Three Former Execs
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Siemens poised to settle with ex-managers
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UPDATE 1-Siemens poised to settle with ex-managers
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UPDATE 1-Siemens poised to settle with ex-managers
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Bayer AG (BAY.F) May Be Ready for Deals After Lost Intervet Bid
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Inventories May Temper Aluminum Rally
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