Bayer Tops $10 Billion as Sales Climb 13 Percent

April 20, 2001
/ Print / Reprints /
/ Text Size+
PITTSBURGH — Bayer Corp.’s sales climbed 13.6 percent in 2000, topping the $10 billion mark for the first time, a result of the successful integration of recent acquisitions and the added capacity and efficiencies Bayer is realizing through its 10-year capital-investment initiative.

“Our cost-savings efforts and our capital-investment program paid strong dividends in 2000, helping us increase sales and remain profitable despite rising energy and raw-material costs,” said President and CEO Helge H. Wehmeier. “Bayer is also harnessing e-commerce to lower its procurement costs, streamline order processing and customer service, and better manage its customer relationships.”

Approximately half of the $1.2 billion sales increase was due to acquisitions, primarily the acquisition of Lyondell’s polyol business in early 2000, which gave Bayer a market-leading position in polyurethane chemicals. Bayer has spent $4 billion on acquisitions since 1998, boosting both its health care and chemicals sectors.

Headquartered in Pittsburgh, Bayer Corp. is a member of the worldwide Bayer Group, a $29 billion international life sciences, polymers and specialty chemicals group based in Leverkusen, Germany. For more information, visit www.bayer.com.

Did you enjoy this article? Click here to subscribe to Adhesives & Sealants Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

In-Depth Features

These articles detail advantages and innovations for multiple end uses.


ExxonMobil Tackifier Expansion

Dwight Tozer, vice president of ExxonMobil’s Adhesion Industry business, discusses the company’s latest tackifier expansion project with Editor-in-Chief Susan Sutton.

More Podcasts


Adhesives & Sealants Industry Magazine

ASI April 2014 cover

2014 April

Our April issue focuses on pressure-sensitive adhesives, including a preview of PSTC's 2014 Tape Summit, as well as converting/packaging and composites!

Table Of Contents Subscribe


Handbook of Sealant Technology

The Handbook of Sealant Technology provides an in-depth examination of sealants, reviewing their historical developments and fundamentals, adhesion theories and properties, and today’s wide range of applications.

More Products

asi1211p_Cover-DE.gifASI's Buyers' Guide

Annual purchasing resource for equipment used in the manufacture/formulation of adhesives, sealants, pressure sensitives, tapes and labels and for application of finished adhesives. 

Clear Seas Research

With access to over one million professionals and more than 60 industry-specific publications, Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


facebook_40px twitter_40  youtube_40pxlinkedin_40