July 1 (Reuters) - Bayer said on Wednesday it is
consolidating its U.S. glyphosate business into its Ruveon unit,
a day after it asked Washington to impose duties on Chinese
imports of the chemical used in the company's weedkiller
Roundup.
* Bayer, the only U.S. maker of glyphosate, sought duties
against Chinese imports of the chemical and said on Tuesday that
"the domestic glyphosate business as it stands today is not
sustainable", angering farmers who said such a move would raise
herbicide costs.
* The St. Louis-based unit, which remains a Bayer business,
will oversee all aspects of U.S. glyphosate sales, including
pricing, go-to-market strategies, production and logistics, the
company said on Wednesday.
* Bayer said the consolidation of the business was part of
its Crop Science division's five-year restructuring plan.
* "Ruveon is expected to be a more nimble and
well-positioned player within its commodity-based market, which
requires a specialized approach to address competitive
dynamics," Bayer said.
* Last week, the German pharmaceuticals and agriculture
group scored a major legal victory when the U.S. Supreme Court
blocked thousands of state-court lawsuits that accuse Bayer of
failing to warn users that glyphosate causes cancer.
* Ruveon will be led by Bayer veteran Alfonso Alba Ordonez.