MAKE PARAGRAPH ABOUT THE HISTORY ABOUT COMPANY : Bayer, The Best Chemical Company

Bayer, The Best Chemical Company

The general partnership "Friedr. Bayer et comp." was founded on August 1, 1863 in Barmen, Germany - now a district of the city of Wuppertal - by dye salesman Friedrich Bayer (1825-1880) and master dyer Johann Friedrich Weskott (1821-1876). The object of the company was the manufacture and sale of synthetic dyestuffs.
The production of these dyes from coal-tar derivatives had only been invented a few years previously, opening up a new field of business for the still-young chemical industry. Between 1881 and 1913, Bayer developed into a chemical company with international operations. Although dyestuffs remained the company's largest division, new fields of business were joining the fold. Of primary importance for Bayer's continuing development was the establishment of a major research capability by Carl Duisberg (1861-1935). Leverkusen became the company's headquarters in 1912. As time went on, the Elberfeld site proved to be too small for continuing expansion. About 1990, The ‘90s saw another major structural transformation, with Bayer, like other companies, facing the challenge of globalization. In the wake of the radical political changes that took place in Germany and eastern Europe after 1989, the company increased its focus on these promising markets. To better equip itself for the challenges of the future, Bayer set up a third pharmaceutical research center, this time in Japan, in addition to the locations in Europe (Wuppertal) and North America (West Haven, Connecticut).