LEVERKUSEN, Germany (March 15)—Bayer A.G.´s polymers division achieved "very strong growth in 2000, particularly in high-performance plastics and polyurethane systems," the company said in its annual results. Sales of this segment grew 28 percent to $10.5 billion, while margins remained steady at around 10 percent. A sharp rise in raw material prices cost Bayer´s polymer business about $1.15 billion more than in 1999. Bayer had hoped for a bigger increase in operating profit, but Chairman Manfred Schneider said, "We are seeing the first signs of relief on the raw material front, and we have successfully implemented some price increases, mainly in Europe, though not yet on the necessary scale in the U.S." The chairman predicts a recovery in Bayer´s polymer margins despite current economic trends.
Bayer polymers unit sales up in 2000
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