Focused investment policy, high level of innovation
Solid growth and a global presence
Market oriented investments and a well-stocked innovation pipeline are the cornerstones of Bayer MaterialScience. Add to this excellent customer proximity with some 30 major production sites and a dense network of service facilities throughout the world.
Bayer MaterialScience posted sales of approximately EUR 11.7 billion in fiscal 2014. Adjusted for currency effects and portfolio changes, revenues increased by 4.8 percent compared with the previous year. We were able to increase sales volumes in Europe, North America and the Asia-Pacific region, whereas volumes in the Latin America, Africa, Middle East region were on the level of the previous year.
Earnings before interest, taxes, depreciation and amortization (EBITDA) – before special items – increased by 10.7 percent to EUR 1.2 billion. This was due in particular to higher volumes, efficiency improvement measures and lower raw material and energy costs. Earnings were held back by lower selling prices, however.
A strong innovator
The company invests approximately EUR 300 million year for year in research and development. Roughly 900 of the 14,200 total employees worked in innovation centers around the world –from Leverkusen to Shanghai to Pittsburgh – in 2014. 146 patent applications were filed in 2014.
Bayer MaterialScience will continue to invest in its worldwide plants over the next few years. The focus is on China, with EUR 1 billion being invested there alone in additional production capacities.
Close to customers
The company shows a strong presence in other regions as well, in accordance with the principle, “Think global – Act local.” Bayer MaterialScience is there where the markets are, and where customer needs require us to be.
The company operates some 30 main production locations around the world. The facilities at these sites are world-scale: State of the art, highly efficient, reliable and safe. They enable Bayer MaterialScience to benefit from short delivery times and great flexibility, while offering decisive advantages for global customers.
In addition, dozens of specialized facilities around the world, yet close to customers, provide personalized support and custom solutions. Finally, the company has a tight global network of competence, technology and innovation centers that is steadily being expanded.