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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Bayer AG | TG:BAYN | Tradegate | Ordinary Share |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.50 | 1.85% | 27.475 | 27.375 | 27.57 | 27.61 | 26.94 | 26.945 | 404,068 | 22:50:04 |
From Apr 2021 to Apr 2024
By Ed Frankl
Bayer AG said Monday that it has declared a force majeure over supply-chain issues on the manufacture of glyphosate herbicide products in the U.S.
"Recently, a supplier of a raw ingredient needed to produce glyphosate and Roundup-branded agricultural herbicides at our Luling, Louisiana, plant suffered an equipment failure at their plant producing an important ingredient," the German conglomerate said in a statement.
Bayer said the stoppages may have some short-term impacts on its production of the active ingredient to manufacture glyphosate.
The supplier, which wasn't named by Bayer, is on track to restore capacity quickly, the company said.
Bayer added that it had sourced additional raw materials and made other changes in production in the interim to help best manage the situation and restore volumes.
"We expect any impact to be marginal in terms of our annual glyphosate production," it said.
Olaf Ridder contributed to this story.
Write to Ed Frankl at edward.frankl@dowjones.com
(END) Dow Jones Newswires
February 14, 2022 09:34 ET (14:34 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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