Bayer forecasts double-digit growth in China - (China Daily via NewsPoints Desk)

  • Bayer's president of Chinese operations, Johannes Dietsch, said the company expects double-digit growth rates in the country in the coming years, China Daily reported Friday.
  • Sales from the Chinese mainland, Hong Kong and Taiwan markets were worth 3 billion euros in 2011, accounting for more than 8 percent of Bayer's global sales.
  • China is Bayer's third-largest single market globally and from 2006 to 2011, its average growth rate in the country was 15 percent, Dietsch said.
  • Dietsch remarked that Bayer will double its capacity in the country over the next years.

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