Bayer Completes Phase I Of China TCM/OTC Production Plant

Bayer AG completed construction of the first phase of a $213 million China consumer healthcare manufacturing facility in Yunan province. The plant will make TCM and OTC products. In 2014, Bayer paid $578 million to acquire Dihon Pharma, a TCM/OTC company that had already begun building the facility. Bayer will use the plant to expand capacity for Dihon's products initially and its own later. The plant will be Bayer's second largest production facility for consumer healthcare in Asia and will become a center for Bayer's global OTC business.