Bayer History

Bayer is one of the largest pharmaceutical companies in the industry, know your history:

1863
Bayer began its activities on August 7, 1863, in a modest home in the valley of the Wupper river, where the dye merchant Friedrich Bayer and master dyer Johann Weskott set up a small factory to produce artificial dyes to dye textiles.
1867
The company's growth was rapid. In 1867 had, in addition to the factory, three stores sales in Germany and one in Switzerland. Nine years later he began a production site in Moscow, the first outside Germany.

1881
After the death of its two founders, company officials decided to expand their social capital. Thus was established in 1881 Friedr. Bayer & Co., a booming business, with several factories and 384 employees, including a team of chemists.

1897
Ten years after establishing the pharmaceutical department of Bayer, which is achieved in 1897 to synthesize the active ingredient acetylsalicylic acid, through experiments by Felix Hoffmann. Two years later Aspirin Bayer ® is registered in the Imperial Patent Office in Berlin.

1925
The Farbenfabriken vorm. Friedr. Bayer & Co. is integrated into the I.G. Farbenindustrie AG, Leverkusen became the head of the industrial community in the Lower Rhine After World War II GI Farben is confiscated by order of the Allies, later dismembering.

1951
The Farbenfabriken Bayer AG was founded again in 1972 taking the name of Bayer AG, accelerating the growth of the company to become an international chemical and pharmaceutical consortium.

1999
To mark the centenary of Aspirin ®, March 6, the building that houses the administrative headquarters of the company bagged, becoming the biggest box of Aspirin in the world, which Bayer earned three mentions in the Guinness Book of Records.

2001
The Bayer Group feels the bases to a new orientation. The company management decided the foundation of independent business groups, united under the mantle structurally common strategic management holding company.
The company holds ambitious goals with this organization more competitive, more efficient processes through synergies, cost savings, increased flexibility, speed and transparency, and more opportunities for strategic alliances and partnerships.

2002
Bayer shares traded on the world's most famous: the stock market in New York. The aim is to increase the interest of investors and U.S. funds in the shares of Bayer.
Enter the new operating structure of The New Bayer, with independent business groups Bayer HealthCare, Bayer CropScience, Bayer Chemicals and Bayer Polymers, and service organizations Bayer Business Services, Bayer Technology Services and Bayer Industry Services.

2004
In a process of refocusing on its core competencies, the Bayer Group brought together virtually all of its chemical area and parts of the polymer business under the company LANXESS, which began operating independently internally on July 1, 2004. It is planned to take the company went public no later than early 2005. Until it went public, LANXESS will continue to operate under the umbrella of Bayer AG holding.
It was structured accordingly Bayer MaterialScience for the development and production of high performance materials.

The Bayer Group has concentrated its activities and business groups Bayer HealthCare, Bayer CropScience and MaterialScience Bater, companies that operate autonomously within the holding.