Bayer plans $42.7 million expansion of fungicide manufacturing facility 6th August 2018
Bayer Crop Science is planning a $42.7 million expansion of its manufacturing facility in Kansas City. A plan filed by Bayer calls for an expansion to house production of fluopyram, a fungicide that combats diseases that affect a variety of plants.
Bayer plans to complete the expansion in 2019. It would not create new jobs, according to the company’s filing, but it would enable the retention of 100 jobs with an average wage of $100,000. The company wants the city to issue $25 million of industrial revenue bonds to help cover the cost and installation of the new machinery in the expansion. The city would own and lease that equipment to Bayer for 10 years until the company buys it.
The other $17.7 million needed for the project would be financed by other sources and would go toward construction and renovation.