German drug and chemical giant, Bayer, says high utility cost in Germany could force it to move all its German operations to a new location outside of Europe.

The most likely new home for Bayer, China.

Bayer blames the German government, and in a round about way the German people, for their decision to end the use of nuclear power plants in Germany.

Bayer claims the electricity cost would skyrocket, making it almost impossible for them to do business in Germany : “It is important that we remain competitive in comparison with other countries. Otherwise, a global business such as Bayer would have to consider relocating its production to countries with lower energy costs.”-Marijn Dekkers, CEO

Dekkers hinted that China could be Bayer’s new home, because they’ve already invested big time into their China operations.  They’re also looking at Brazil and India.

It’s not like Bayer is losing money in this bad economy.  They reported a net profit of $1.1 billion for the second quarter of this year!