Bayer reports record Asia-Pac sales for 6th straight year on rising, ageing population

Singapore

GERMAN chemicals giant Bayer is on a high in the Asia-Pacific, reporting record sales for the sixth year running.

Pharmaceuticals sales are up 8.6 per cent at 4.8 billion euros (S$7.25 billion) for 2016. This is more than a quarter of its total sales worldwide, said Claus Zieler, senior vice-president and head of commercial operations at its Asia-Pacific pharmaceutical division.

He was speaking at a press conference held by Bayer Pharmaceuticals Apac on Tuesday.

The top five markets that delivered strong growth rates were India, Vietnam, South Korea, Pakistan and Taiwan, ranging from…