Bayer is making a EUR 220 million investment into research and development (R&D) at its Monheim site in Germany according to a release.
This investment will be the company’s largest in the crop protection business in Germany since the Monheim campus was founded in 1979. The new space will have labs, offices, and a greenhouse area for around 200 employees. The new facility helps Bayer expand their regenerative agriculture practices and work to reducing agriculture’s impact on the environment.
“Looking into the future, we must radically transform today’s farming systems and switch to regenerative agriculture practices that produce more with less, while restoring more. There is a high demand for pushing beyond established standards in safety to unlock breakthrough innovation and Crop Protection solutions with better environmental profiles,” said Robert Reiter, head of R&D at Bayer’s Crop Science Division.
“The livelihoods of farmers and the communities they serve around the world are in no small measure dependent on the acceptance of our products by consumers, lawmakers, and regulators around the world. We are convinced that with this significant investment we are not only helping to accelerate the development of the next generation of Crop Protection but also underscoring our deep commitment to transparency and dialog.”
The investment shows the importance of Bayers commitment to Europe. Bayer has invested over EUR 180 million over the last three years at its Dormagen site.
“Even in times of economic uncertainty, we are laser-focused on innovation and future technologies,” Dirk Backhaus, head of product supply at Bayer’s Crop Science Division, pointed out. “We have a long track record of investing into research, development, and production of safe chemical products for agriculture, and we’re eager to leverage our world class expertise in Germany to shape the future of regenerative agriculture here and around the world. The new facility at our Monheim site is a shining example of precisely that: Investments in future technologies, modern facilities, and, most importantly, our people.”
It’s anticipated the construction will take around three years with the site operational by 2026.