Bayer CropScience plans to break ground Monday on a new 29,500-square-foot high-tech greenhouse that is expected to be completed in late 2015.
The agribusiness giant originally announced the $29.6 million project this summer.
The expansion is the latest in a series of major investments Bayer CropScience has made in its Research Triangle Park facilities. The company expects to invest $200 million in the campus by 2016..
Other projects already announced include a $33 million facelift to its North American headquarters that is now underway; a $20 million greenhouse; and the recent completion of a $2.2 million bee research center. The company also moved its global seeds headquarters to RTP from France in 2012.
Bayer CropScience, a subsidiary of the German conglomerate Bayer, produces seeds and crop protection products such as insecticides. The company is the No. 1 global producer of cotton and canola seeds and recently launched its own brand of soybean seeds called Credenz. Last year its worldwide sales rose 5.2 percent to more than $12 billion.
The company has about 700 employees locally – including about 600 in RTP.