In light of the devastation caused by Hurricane Katrina along the Gulf Coast of the United States, Bayer has pledged US$ 2 million to the U.S. Red Cross in the form of financial contributions and product donations to aid victims of the flooding. As part of this effort, the company's employees in the United States are being encouraged to make personal donations to the relief effort and Bayer will match these contributions dollar for dollar.
"The images and reporting of the suffering and distress in the United States have touched us deeply," said Werner Wenning, Management Board Chairman of Bayer AG. "We feel for everyone who has been hit so hard by this disaster. It goes without saying that we as a global corporation will move quickly to help in this situation. Our sympathy goes to all residents of the Gulf region who have lost family members or been made homeless and need help."
Bayer employs more than 15,000 people in the United States. Fortunately there have so far been no reports that any of them have been affected by the hurricane. There has also been no damage to the company's facilities.
Forward-looking statements
This news release contains forward-looking statements based on current assumptions and forecasts made by Bayer Group management. Various known and unknown risks, uncertainties and other factors could lead to material differences between the actual future results, financial situation, development or performance of the company and the estimates given here. These factors include those discussed in our public reports filed with the Frankfurt Stock Exchange and with the U.S. Securities and Exchange Commission (including our Form 20-F). The company assumes no liability whatsoever to update these forward-looking statements or to conform them to future events or developments.
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