Bayer among top companies in the U.S.

01-Mar-2001

Bayer is one of the most respected companies in the United States. It ranked third in the chemicals category of "Fortune" magazine´s list of "America´s Most Admired Companies". Bayer had ranked fourth in the prior year´s poll. U.S. companies Du Pont and Dow Chemicals topped the list in this latest survey. Bayer was named the best non-American company in the chemicals sector. It was followed in the ranking by PPG Industries and BASF, which placed fourth and fifth, respectively.

"We are pleased with the trust and the high regard that the top managers and analysts in the U.S. bring to us", said Bayer Management Board Chairman Dr. Manfred Schneider, "because the United States is the most important single market for us". With a $9 billion investment program between 2000 and 2004, Bayer plans a further sustainable expansion of its position in all core business segments.

Overall,10,000 leading business executives and securities analysts took part in the Fortune poll. The companies were graded using eight different criteria: innovativeness, management quality, employee talent, financial soundness, use of assets, long-term investment value, social responsibility, and product quality and services. The survey was divided into 61 industry categories. Fortune has compiled its list of "America´s Most Admired Companies" each year for the past 19 years.

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