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May21 |
5/21/2013 8:26:13 AM by Todd White |
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PHILADELPHIA, May 21, 2013 /PRNewswire/ -- FMC Corporation (NYSE:FMC) has named Kimberly Johnson as vice president of Human Resources. She succeeds Kenneth Garrett who will retire in August after a 23-year career with FMC.
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Apr30 |
4/30/2013 4:26:04 PM by Todd White |
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FMC Corporation Announces First Quarter Results and Realignment of Portfolio
- First quarter 2013 revenue up 5 percent to $990.2 million, with adjusted operating profit up 10 percent and businesses performing largely as anticipated
- First quarter 2013 adjusted earnings up 13 percent to $1.10 per diluted share
- Realigning portfolio around three core platforms: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Minerals
- Exploring the divestiture of its Peroxygens business, including select Environmental Solutions product lines and related assets
- Raising midpoint of full-year adjusted earnings guidance by 9 cents to a range of $3.93 to $4.07 per diluted share, reflecting confidence in full-year outlook
PHILADELPHIA, April 30, 2013 /PRNewswire/ -- FMC Corporation (NYSE: FMC) today reported first quarter revenue of $990.2 million, a 5 percent increase over the same period in 2012. The company reported net income of $130.9 million, or $0.94 per diluted share, in the first quarter of 2013, versus net income of $119.1 million, or $0.85 per diluted share, in the first quarter of 2012. This quarter's results include charges of $20.6 million after tax, or $0.16 per diluted share, compared to charges of $16.3 million after tax, or $0.12 per diluted share, in the prior-year quarter. Excluding these items in both periods, adjusted earnings were $1.10 per diluted share in the current quarter, an increase of 13 percent versus the prior-year quarter.
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Apr24 |
4/24/2013 8:41:29 AM by Todd White |
PHILADELPHIA, April 24, 2013 /PRNewswire/ -- FMC Corporation (NYSE: FMC) has named Shawn Whitman as vice president of Government Affairs. He succeeds Jerry Prout who will retire in July after a 34-year career with FMC.
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Apr23 |
4/23/2013 4:06:30 PM by Todd White |
PHILADELPHIA, April 23, 2013 /PRNewswire/ -- FMC Corporation (NYSE: FMC) announced today that its Board of Directors declared a regular quarterly dividend of 13.5 cents per share, payable on July 18, 2013, to shareholders of record at the close of business on June 28, 2013.
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Apr18 |
4/18/2013 2:24:00 PM by Todd White |
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PHILADELPHIA, April 19, 2013 /PRNewswire/ -- FMC Corporation (NYSE:FMC) announced today that Paul Graves, executive vice president and chief financial officer, will speak at the Wells Fargo Securities 2013 Industrial and Construction Conference in New York City on Wednesday, May 8, 2013, at 3:50 p.m. ET. A live webcast will be available on the FMC Investor Relations website.
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Apr3 |
4/3/2013 12:49:33 PM by Todd White |
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FMC Corporation Announces the Acquisition of Pectin Intellectual Property from Vigido AG, a Subsidiary of UniPektin Ingredients AG
PHILADELPHIA, April 3, 2013 /PRNewswire/ -- FMC Corporation (NYSE:FMC) is pleased to announce the acquisition of pectin-related intellectual property developed by Vigido AG, a subsidiary of UniPektin Ingredients AG and the former exclusive marketer of the pectin products of Pectine Italia S.p.A., a company whose pectin business FMC acquired last year.
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Apr2 |
4/2/2013 1:12:42 PM by Todd White |
 Front row, left to right: Hill Freedman Middle School student, Giancarlo Kelly, Hill Freedman Middle School seventh grade science teacher, Ambra Hook, Hill Freedman Middle School student, Diamond Hannah, Philadelphia Science Festival Director, Geri Trooskin. Back row left to right: The Franklin Institute Chief Operating Officer, Larry Dubinski, Philadelphia School District Superintendent, Dr. William R. Hite Jr., FMC Vice President Communications and Public Affairs, Kenneth A. Gedaka, Math and Science Coalition Manager, Don McKinney
PHILADELPHIA, April 2, 2013 /PRNewswire/ – For the first time, the Philadelphia Science Festival will celebrate teachers with free professional development workshops, resources, and a teachers' lounge at its Science Carnival on the Parkway. FMC Corporation is sponsoring these activities through its $100,000 "Teaching the Science of Curiosity" grant.
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Mar21 |
3/21/2013 12:41:08 PM by Todd White |
PHILADELPHIA, March 21, 2013 /PRNewswire/ - FMC Corporation (NYSE:FMC) today announced the following schedule for its first quarter 2013 earnings release and webcast conference call:
- Earnings Release: Tuesday, April 30, 2013, after the stock market close via PR Newswire and FMC Corporation's website at: http://www.fmc.com.
- Webcast Conference Call: Wednesday, May 1, 2013, at 11:00 a.m. ET. The live call is open to the public via Internet broadcast and telephone.
Internet broadcast: http://www.fmc.com Passcode: FMC Dial-in telephone numbers: U.S. / Canada: (800) 230-1059 International: (612) 234-9959 Conference ID # 277292
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Mar21 |
3/21/2013 8:25:10 AM by Todd White |
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PHILADELPHIA, March 21, 2013 /PRNewswire/ -- FMC Corporation (NYSE:FMC) broke ground today on its new world-class microcrystalline cellulose (MCC) manufacturing facility in Rayong, Thailand. The company will invest more than $100 million in the region's first fully integrated colloidal MCC manufacturing and blending site to supply the growing Asia market with FMC's industry-leading MCC.
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Mar5 |
3/5/2013 9:52:00 AM by Todd White |
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PHILADELPHIA, March 5, 2013 /PRNewswire/ -- FMC Corporation (NYSE:FMC) announced today that Andrew Sandifer, vice president, Strategic Development & Investor Relations will speak at the Gabelli & Company 4th Annual Specialty Chemicals & Ag Conference on Wednesday, March 20, 2013 at 11:30 a.m. ET at The Harvard Club in New York City. A live webcast will be available on the FMC Investor Relations website.
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Feb19 |
2/19/2013 4:58:17 PM by James Fitzwater |
PHILADELPHIA, February 19, 2013 – FMC Corporation (NYSE:FMC) today announced that the record date for its recently declared regular quarterly dividend of 13.5 cents per share payable on April 18, 2013, has been changed. The new record date is the close of business on March 28, 2013.
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Feb18 |
2/18/2013 5:03:56 PM by James Fitzwater |
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PHILADELPHIA, February 18, 2013 – FMC Corporation (NYSE: FMC) announced today that its Board of Directors declared a regular quarterly dividend of 13.5 cents per share, payable on April 18, 2013, to shareholders of record at the close of business on March 29, 2013.
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Feb6 |
2/6/2013 4:47:38 PM by Todd White |
- Fourth quarter 2012 revenue up 10 percent to $1.0 billion, with adjusted operating profit up 19 percent, driven by record performance in Agricultural Products
- Fourth quarter 2012 adjusted earnings of $0.81 per diluted share, up 2 percent with year-on-year growth reflecting a change in the effective tax rate versus the prior-year quarter
- Full-year 2012 revenue up 11 percent to $3.7 billion, adjusted operating profit up 16 percent to $719 million
- Full-year 2012 adjusted earnings of $3.48 per diluted share, up 16 percent versus 2011
- First quarter 2013 outlook for adjusted earnings of $1.02 to $1.12 per diluted share, a 10 percent increase at midpoint of range
- Full-year 2013 outlook for adjusted earnings of $3.81 to $4.01 per diluted share, a 12 percent increase at midpoint of range
PHILADELPHIA, February 6, 2013 – FMC Corporation (NYSE:FMC) today reported fourth quarter revenue of $1.0 billion, a 10 percent increase over the same period in 2011. The company reported net income of $102.2 million or $0.74 per diluted share, in the fourth quarter of 2012, versus net income of $77.9 million, or $0.55 per diluted share, in the fourth quarter of 2011. This quarter’s results include charges of $9.4 million after tax, or $0.07 per diluted share, compared to charges of $33.7 million after tax, or $0.24 per diluted share, in the prior-year quarter. Excluding these items in both periods, adjusted earnings were $0.81 per diluted share in the current quarter, an increase of 2 percent versus the prior-year quarter.
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Jan24 |
1/24/2013 5:22:36 PM by James Fitzwater |
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PHILADELPHIA, Jan. 24, 2013 – FMC Corporation (NYSE: FMC) announced today its Agricultural Products Group has entered into a research and development collaboration agreement for several proprietary biological pesticides from Química Agronómica de México. The two companies will co-develop the new fungicides and insecticides for use globally.
“This transaction marks another step forward in our effort to offer customers biological products that meet their changing needs,” said Mark Douglas, president, FMC Agricultural Products. “FMC’s innovation and collaboration initiatives have delivered impressive technologies over the years and we are pleased to add Química Agronómica de México to our roster of key partners. The prospect of expanding our already strong crop protection portfolio is exciting.”
“FMC is an excellent partner because of its experience developing new molecules and for its access to important and growing global markets,” said Miguel Alvarado, general director, Química Agronómica de México. “We look forward to a productive and successful partnership.”
Terms of the agreement were not disclosed.
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Jan22 |
1/22/2013 9:12:00 AM by Todd White |
PHILADELPHIA, Jan. 22, 2013 /PRNewswire/ -- FMC Corporation (NYSE:FMC) announced today that its 2013 Annual Meeting of Stockholders will be held on Tuesday, April 23, 2013, at 2:00 p.m. ET at the Chemical Heritage Foundation, 315 Chestnut Street, Ullyot Hall, Philadelphia, Pa., 19106.
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Jan9 |
1/9/2013 9:59:00 AM by Todd White |
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PHILADELPHIA, Jan. 9, 2013 /PRNewswire/ -- FMC Corporation (NYSE: FMC) today announced the following revised schedule for its fourth quarter 2012 earnings release and webcast conference call:
- Earnings Release: Wednesday, February 6, 2013, after the stock market close via PR Newswire and FMC Corporation's website at:
http://www.fmc.com.
- Webcast Conference Call: Thursday, February 7, 2013, at 11:00 a.m. ET. The live call is open to the public via Internet broadcast and telephone.
Internet broadcast: http://www.fmc.com Passcode: FMC
Dial-in telephone numbers: U.S. / Canada: (800) 230-1085 International: (612) 288-0329 Conference ID # 277291
- Webcast Conference Call Replay: Available via the internet and telephone from 1:00 p.m. ET on Thursday, February 7, 2013, until Wednesday, March 7, 2013.
Internet replay: http://www.fmc.com U.S. / Canada telephone number: (800) 475-6701 International telephone number: (320) 365-3844 Enter Conference ID # 277291
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Dec11 |
12/11/2012 5:05:23 PM by James Fitzwater |
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Company Confirms Outlook at Investor Day to Meet or Exceed Aggressive Performance Targets as Part of Six-Year Vision 2015 Strategy
PHILADELPHIA, December 11, 2012 – FMC Corporation (NYSE:FMC) today announced the company is on track to meet or exceed aggressive performance targets as part of its Vision 2015 strategy to profitably double the company’s size.
At its 2012 Investor Day conference in New York, Pierre Brondeau, FMC president, CEO and chairman, said that over the last three years, FMC has executed its growth plan and has capitalized on the unique strengths of the company to deliver strong performance against Vision 2015 targets announced in 2010.
“We developed an aggressive, but achievable, strategy to unlock the growth potential of FMC, leading to a larger, more profitable, faster growing specialty chemicals company,” Brondeau said. “Halfway through our plan, we are well on our way to achieve or exceed our targets. We’ve delivered exceptional results over the last several years, despite continuing macroeconomic uncertainty.”
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Dec11 |
12/11/2012 1:31:27 PM by James Fitzwater |
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PHILADELPHIA, December 11, 2012 – FMC Corporation (NYSE: FMC) announced today that its Board of Directors declared a regular quarterly dividend of 13.5 cents per share, payable on January 17, 2013, to shareholders of record at the close of business on December 31, 2012. This represents an increase of 4.5 cents per share, or 50 percent, over the dividend paid on October 18, 2012.
“Today’s announcement reflects our continued confidence in FMC’s ability to continue to grow and to generate healthy earnings and cash flow,” said Pierre Brondeau, FMC president, CEO and chairman. “We are committed to rewarding our shareholders as we grow the company through delivering our Vision 2015 strategic plan.”
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Dec6 |
12/6/2012 1:41:00 PM by James Fitzwater |
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PHILADELPHIA, Dec. 6, 2012 – FMC Corporation (NYSE: FMC) announced today that its Agricultural Products Group has signed a perpetual, global licensing agreement, along with distribution and services agreements with GAT Microencapsulation AG covering a range of advanced crop protection products and proprietary formulation technologies.
Under the agreement, FMC will access GAT Microencapsulation AG’s complete library of intellectual property, which includes a portfolio of registered products, proprietary formulation technologies, and new products in development. FMC will be the main distributor of GAT Microencapsulation AG’s current product portfolio in virtually all global markets. GAT Microencapsulation AG will supply the products to be sold, as well as new materials for products FMC commercializes in the future. Terms of the agreement were not disclosed.
“Over the years, FMC's innovation and collaboration initiatives have delivered impressive crop protection technologies. We are pleased to be adding to our portfolio GAT Microencapsulation’s products and proprietary formulation technologies. With their research and development expertise, product registration experience, and key location in central Europe, we have found an important new strategic partner that will help us achieve our Vision 2015 goals,” said Mark Douglas, president, FMC Agricultural Products.
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Nov26 |
11/26/2012 6:43:18 AM by Todd White |
PHILADELPHIA, Nov. 5, 2012 /PRNewswire/ -- FMC Corporation (NYSE:FMC) today announced a disaster relief donation of $75,000 to the American Red Cross to support ongoing efforts in the wake of Hurricane Sandy. FMC has operations in the heavily impacted Mid-Atlantic region including the company's corporate headquarters in Philadelphia, global research center in Ewing, N.J., an FMC BioPolymer plant in Newark, Del., and an FMC BioPolymer distribution center in Harrisburg, Pa.
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Oct29 |
10/29/2012 2:34:45 PM by James Fitzwater |
- Sales of $902.4 million, up 5 percent from the prior-year period
- Adjusted earnings of $0.79 per diluted share, up 14 percent from the prior-year period
- Agricultural Products’ segment earnings up 23 percent; Specialty Chemicals’ segment earnings down 8 percent; Industrial Chemicals’ segment earnings up 1 percent
- Fourth quarter 2012 outlook for adjusted earnings of $0.75 - $0.85 per diluted share
- Full-year 2012 outlook for adjusted earnings unchanged at $3.42 to $3.52 per diluted share, a 16 percent increase from the prior-year period at midpoint of range
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Oct19 |
10/19/2012 11:46:47 AM by Todd White |
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PHILADELPHIA, October 19, 2012 – FMC Corporation (NYSE:FMC) announced today that effective November 1, 2012, or as contracts permit, it will increase prices for all grades of hydrogen peroxide in the NAFTA region.
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Oct15 |
10/15/2012 11:48:00 AM by Todd White |
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PHILADELPHIA, October 15, 2012 – FMC Corporation will increase off-list prices for all USP and Industrial grade sodium bicarbonate products.
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Oct15 |
10/15/2012 9:08:43 AM by James Fitzwater |
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CHARLOTTE, N.C., October 15, 2012 – FMC Lithium announced today that effective November 1, 2012, or as contracts permit, it will increase global pricing for n-butyllithium and s-butyllithium and all specialty organic products by 8 percent. In addition, lithium metal pricing will increase by 10 percent. Increases apply to all standard and non-standard pricing.
“During 2012 continued raw material price pressures and rising transportation costs has made this price increase necessary,” said Chris Senyk, global marketing director, FMC Lithium. “FMC continues to manage costs aggressively while reinvesting in our business.”
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Sep24 |
9/24/2012 10:16:21 AM by James Fitzwater |
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PHILADELPHIA, Sept. 24, 2012 – FMC Corporation (NYSE: FMC) announced today it has entered into a research and development collaboration agreement for a new proprietary fungicide from Isagro S.p.A. The two companies will co-develop the new broad spectrum fungicide for use globally.
“We are excited by the prospects for this new carboximide-class fungicide and the expansion of our fungicide portfolio,” said Mark Douglas, president, FMC Agricultural Products. “FMC’s innovation and collaboration initiatives have delivered impressive crop protection technologies. We are pleased to continue our partnership with Isagro, a highly respected company committed to the discovery of highly effective, proprietary agricultural chemicals.”
“FMC represents an ideal partner because of its large and qualified experience in development of new molecules and for its global presence in key markets,” said Giorgio Basile, Isagro president and chief executive officer. “We look forward to a productive and successful partnership for this new product.”
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Sep21 |
9/21/2012 11:23:17 AM by Todd White |
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PHILADELPHIA, Sept. 21, 2012 - FMC Corporation (NYSE:FMC) today announced the following schedule for its third quarter 2012 earnings release and webcast conference call:
- Earnings Release: Monday, October 29, 2012, after the stock market close via PR Newswire and FMC Corporation's website at: www.fmc.com.
Webcast Conference Call: Tuesday, October 30, 2012, at 11:00 a.m. ET. The live call is open to the public via Internet broadcast and telephone.
Internet broadcast: www.fmc.com Passcode: FMC
Dial-in telephone numbers: U.S. / Canada: (800) 230-1093 International: (612) 234-9959 Conference ID # 226244
- Webcast Conference Call Replay: Available via the internet and telephone from 12:00 p.m. ET on Tuesday, October 30, 2012, until Friday, November 30, 2012.
Internet replay: www.fmc.com U.S. / Canada telephone number: (800) 475-6701 International telephone number: (320) 365-3844 Enter Conference ID # 226244
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Sep19 |
9/19/2012 8:42:51 AM by James Fitzwater |
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PHILADELPHIA, September 19, 2012 – FMC Corporation (NYSE:FMC) today announced that its Board of Directors has elected six new corporate vice presidents.
“FMC’s exceptional performance during the last several years, and our recent success in executing an aggressive Vision 2015 growth strategy, is tied to the quality of our people and the capability of our leaders. I believe we have the best of both, which is reflected in the promotion of these individuals,” said Pierre Brondeau, FMC president, CEO and chairman.
Marc Hullebroeck, Agricultural Products director for Eurasia, has been named vice president and business director for FMC Agricultural Products, North America, and Europe, Middle East and Africa.
Bruce Lerner, Peroxygens Division manager, has been named vice president and global business director, FMC Peroxygens.
Eric Norris, Lithium Division commercial director, has been named vice president and global business director, FMC Lithium.
Mike Smith, BioPolymer Division manager, has been named vice president and global business director, FMC BioPolymer.
Robert Trogele, Agricultural Products director for North America, has been named vice president and business director for FMC Agricultural Products, Asia.
Antonio Zem, Agricultural Products director for Latin America, has been named vice president and business director for FMC Agricultural Products, Latin America; and president of FMC Latin America.
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Sep17 |
9/17/2012 8:40:41 AM by James Fitzwater |
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PHILADELPHIA, September 17, 2012 – FMC Corporation (NYSE:FMC) today announced several executive leadership changes. Paul Graves, who was previously partner and managing director at Goldman Sachs Group, has been appointed executive vice president and chief financial officer, effective October 1, 2012. He will succeed Kim Foster, FMC executive vice president and CFO, who will retire at the end of the year. Mark Douglas has been appointed president of the Agricultural Products Group, succeeding Milton Steele, who will retire in early 2013; and Ed Flynn has been promoted to president of the Industrial Chemicals Group, succeeding Mark Douglas. Graves, Douglas, and Flynn will report to Pierre Brondeau, FMC president, CEO and chairman.
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Sep5 |
9/5/2012 7:21:56 AM by James Fitzwater |
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PHILADELPHIA, September 5, 2012 – FMC Corporation (NYSE:FMC), BCEG Environmental Remediation Co., Ltd. (BCEER), and BRISEA Group, Inc., have signed a definitive agreement to form a joint venture to manufacture and market cost-effective, environmentally friendly products for soil and groundwater remediation in China.
By combining BCEER’s leading position in China’s remediation market and BRISEA’s global reputation for environmental technology transfer, the new joint venture is poised to introduce a number of cost-effective technologies from FMC’s Environmental Solutions Division. The joint venture, named Beijing Enviro-Chem (Beijing Enviro-Chem Industry and Commerce Co., Ltd.), will also provide research and development, laboratory feasibility testing, remedial design and technical support services.
“We are pleased to join forces with these well-respected market leaders to address the urgent environmental challenges in China with innovative and cost-effective solutions,” said Amy O’Shea, FMC Environmental Solutions Division manager. “This agreement provides a strong platform for future growth as new regulations for soil and groundwater begin to take shape in this important market.”
The joint venture will market FMC’s broad product portfolio of unique in situ chemical oxidation technologies, in situ chemical reduction technologies, and other leading environmental remediation solutions. FMC’s environmental portfolio of soil and groundwater remediation technologies have been used across six continents to remediate hydrocarbons, halogenated organics, organic explosive compounds, pesticides and heavy metals. Beijing Enviro-Chem is expected to immediately sell products that will be used on several key projects in China.
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Sep4 |
9/4/2012 4:20:25 PM by James Fitzwater |
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CHARLOTTE, N.C., September 4, 2012 – FMC Corporation (NYSE:FMC) announced today the appointment of Eric W. Norris as manager, Lithium Division.
“Eric is a strong business leader and is ideally suited to lead this growing business,” said Michael Wilson, president, FMC Specialty Chemicals Group. “Since 2009, he has served as the Lithium Division global commercial director responsible for global sales, marketing, research and development and selected operations. Eric brings significant industry knowledge and expertise to this important leadership role.”
Norris joined FMC in 2001 as director of Investor Relations. He was named director of Corporate Development in 2005, and a year later was appointed director of FMC’s Healthcare Ventures unit. Norris began his career in 1989 at Rohm and Haas Company in technical sales and held roles in strategic planning, marketing, business development and commercial management before being named Investor Relations manager in 1998. He founded a chemical industry internet-based firm in 2000. Norris earned his bachelor of arts in Chemistry and German from Colgate University, and his MBA in Marketing and Finance from Harvard.
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Aug1 |
8/1/2012 7:43:55 AM by James Fitzwater |
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Marks FMC’s Entry into Pectin Market
PHILADELPHIA, August 1, 2012 – FMC Corporation (NYSE:FMC) announced today the company has entered into a definitive agreement to acquire the business assets of Pectine Italia S.p.A., a leading Italian-based manufacturer of pectin for the food ingredients market. The acquisition marks FMC’s entry into the pectin market, expanding the company’s industry-leading portfolio of hydrocolloid texturants and stabilizers.
“This acquisition continues our strategic expansion into the high-growth, natural-based food ingredients market,” said Michael Wilson, president, FMC Specialty Chemicals. “With our recent acquisitions of two natural food colors businesses, our entry into pectin underscores our commitment to broaden FMC’s portfolio of innovative food ingredients. It also represents another important step in our Vision 2015 growth journey.”
Pectine Italia produces pectin, a well known stabilizer and thickening agent used widely in many foods and derived predominately from lemon peels. The company has production facilities in Milazzo, on the island of Sicily. The acquisition provides FMC with high quality pectin manufacturing capabilities, strategically located near important raw materials sources. The business will become a part of FMC BioPolymer, a business unit of FMC Corporation.
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Jul31 |
7/31/2012 4:43:46 PM by James Fitzwater |
- Sales of $905.2 million, up 11 percent from the prior-year period
- Adjusted earnings of $0.92 per diluted share, up 20 percent from the prior-year period
- Agricultural Products’ segment earnings up 18 percent; Specialty Chemicals’ segment earnings down 6 percent; Industrial Chemicals’ segment earnings up 18 percent
- Third quarter 2012 outlook for adjusted earnings of $0.70 - $0.80 per diluted share, a 9 percent increase from the prior-year period at midpoint of range
- Full-year 2012 outlook for adjusted earnings of $3.42 to $3.52 per diluted share, a 16 percent increase at midpoint of range; raises lower end of range versus previous outlook
PHILADELPHIA, July 31, 2012 – FMC Corporation (NYSE:FMC) today reported second quarter sales of $905.2 million, an 11 percent increase over the same period in 2011. The company reported net income of $104.9 million, or $0.76 per diluted share, in the second quarter of 2012, versus net income of $107.2 million, or $0.74 per diluted share, in the second quarter of 2011. This quarter’s results include charges of $22.0 million after tax, or $0.16 per diluted share, compared to charges of $3.3 million after tax, or $0.03 per diluted share, in the prior-year quarter. Excluding these items in both periods, adjusted earnings were $0.92 per diluted share in the current quarter, an increase of 20 percent versus the prior-year quarter.
Pierre Brondeau, FMC president, CEO and chairman, said, “Our second quarter 2012 results continue to demonstrate the strength of FMC’s advantaged portfolio. Agricultural Products showed vigorous growth, driven by overall strong conditions in North America and continued robust demand in Latin America. Specialty Chemicals’ results were down slightly as expected, with the continuing impacts of the operational issues we faced in our Lithium business in the first quarter offsetting steady performance from our BioPolymer business. Industrial Chemicals delivered another double-digit increase in earnings, driven by higher selling prices across the segment, particularly in soda ash, higher volumes, and the continued shift toward specialties in the Peroxygens business.”
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Jul24 |
7/24/2012 8:55:01 AM by James Fitzwater |
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PHILADELPHIA, July 24, 2012 – FMC Corporation (NYSE:FMC) today announced the company will invest more than $100 million in a new world class microcrystalline cellulose (MCC) manufacturing facility in Rayong, Thailand. The new plant will ensure the company’s long-term ability to supply the growing Asia market with its industry leading Avicel® colloidal MCC.
“Today’s announcement represents another major step in FMC’s Vision 2015 growth strategy,” said Pierre Brondeau, FMC president, CEO, and chairman. “This significant investment underscores FMC’s continuing commitment to profitably grow our signature product lines, and to introduce or broaden the availability of leading FMC technologies in rapidly growing regions.”
The new facility, expected to come on line in the fourth quarter 2014, will increase FMC’s global food grade MCC capacity by 35 percent. The Thailand facility will initially manufacture Avicel® colloidal MCC, which is widely used as a key ingredient in food and beverages. However, the facility’s design will allow for future volume expansion, and the manufacture of different product lines for both the food and pharmaceutical markets, as demand warrants.
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Jul23 |
7/23/2012 8:55:53 AM by James Fitzwater |
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PHILADELPHIA, July 23, 2012 – FMC Corporation (NYSE: FMC) announced today that its Board of Directors declared a regular quarterly dividend of 9 cents per share, payable on October 18, 2012, to shareholders of record at the close of business on September 28, 2012.
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Jul10 |
7/10/2012 9:13:00 AM by James Fitzwater |
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PHILADELPHIA, July 10, 2012 – FMC Wyoming Corporation announced today that effective August 1, 2012, or as contract terms permit, it will increase off-list soda ash prices by $10.00/short ton for all grades of soda ash. The increase applies to both bulk and packaged products.
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Jul9 |
7/9/2012 7:55:38 AM by James Fitzwater |
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PHILADELPHIA, July 9, 2012 – FMC Corporation (NYSE:FMC) announced today the company’s bifenthrin insecticide has been reapproved for use in the European Union by the Standing Committee on the Food Chain and Animal Health. FMC will begin immediately the process to reinstate bifenthrin registrations in all key member states. “We are very pleased that bifenthrin has been accepted for use in the Community and that its health and environmental profile has met the EU’s high standards,” said Marc Hullebroeck, Eurasia area director, FMC Agricultural Products.
Bifenthrin has long been recognized as a valuable and effective crop protection product by growers around the world. It is a unique, versatile pyrethroid insecticide that works quickly on a wide range of destructive insects. It will once again be available to growers in the EU where it will be registered for oilseed rape, cereals, vegetables, ornamental and other uses. FMC will also continue with developing new and innovative formulations for control of economically important pests.
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Jul2 |
7/2/2012 4:26:06 PM by James Fitzwater |
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PHILADELPHIA, July 2, 2012 – FMC Corporation (NYSE:FMC) today announced a revised schedule for its second quarter 2012 earnings release and webcast conference call::
- Earnings Release: Tuesday, July 31, 2012, after the stock market close via PR Newswire and FMC Corporation’s website at: www.FMC.com.
Webcast Conference Call: Wednesday, August 1, 2012, at 10:00 a.m. ET. The live call is open to the public via Internet broadcast and telephone. Internet broadcast: www.FMC.com Passcode: FMC
Dial-in telephone numbers: U.S. / Canada: (800) 230-1093 International: (612) 234-9959 Conference ID # 226243
- Webcast Conference Call Replay: Available via the internet and telephone from 1:00 p.m. ET on Wednesday, August 1, 2012, until Saturday, September 1, 2012.
Internet replay: www.FMC.com U.S. / Canada telephone number: (800) 475-6701 International telephone number: (320) 365-3844 Enter Conference ID # 226243
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Jun26 |
6/26/2012 9:12:05 AM by James Fitzwater |
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PHILADELPHIA, June 26, 2012 – FMC Corporation (NYSE:FMC) today announced the following schedule for its second quarter 2012 earnings release and webcast conference call:
- Earnings Release: Tuesday, July 31, 2012, after the stock market close via PR Newswire and FMC Corporation’s website at: www.FMC.com.
Webcast Conference Call: Wednesday, August 1, 2012, at 11:00 a.m. ET. The live call is open to the public via Internet broadcast and telephone. Internet broadcast: www.FMC.com Passcode: FMC
Dial-in telephone numbers: U.S. / Canada: (800) 230-1093 International: (612) 234-9959 Conference ID # 226243
- Webcast Conference Call Replay: Available via the internet and telephone from 1:00 p.m. ET on Wednesday, August 1, 2012, until Saturday, September 1, 2012.
Internet replay: www.FMC.com U.S. / Canada telephone number: (800) 475-6701 International telephone number: (320) 365-3844 Enter Conference ID # 226243
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Jun13 |
6/13/2012 8:46:00 AM by James Fitzwater |
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PHILADELPHIA, June 13, 2012 – FMC Corporation (NYSE:FMC) announced today the acquisition of Phytone Ltd., a leading natural colors producer based in the United Kingdom. Phytone’s natural products and formulations are used by global customers in the food, beverage, personal care and nutrition sectors. “This acquisition underscores our commitment to grow FMC’s new natural colors portfolio, and represents another important step in our Vision 2015 growth strategy,” said Pierre Brondeau, president, CEO and chairman, FMC Corporation. “We expect the high-growth, natural colors market to reach well over $1 billion by 2015. The addition of Phytone’s unique color technology, coupled with our acquisition last year of Chilean-based South Pole Biogroup, greatly strengthens our position in this exciting market.”
There is a growing demand from consumers that favor natural ingredients from renewable and sustainable sources, according to Mike Smith, division manager, FMC BioPolymer. Consumer product goods companies are seeking reliable sources of natural ingredients with consistent functionality, including natural colors, to meet their product development needs.
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May17 |
5/17/2012 11:35:28 AM by James Fitzwater |
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PHILADELPHIA, May 17, 2012 – FMC Corporation (NYSE:FMC) announced today that its soil and groundwater remediation technologies will be featured in more than 50 professional papers and poster sessions being presented at the upcoming International Conference on Remediation of Chlorinated and Recalcitrant Compounds. The signature conference, organized by Battelle, attracts more than 1,600 scientists, engineers, regulators, and other environmental professionals. The attendees represent universities, government site management and regulatory agencies, and R&D and manufacturing firms from more than 26 counties around the world.
The technical sessions and poster presentations address remediation of soil and groundwater impacted with a variety of chlorinated and other recalcitrant compounds at industrial and military sites. The featured FMC products, field tests and case studies cover several key areas of in situ and ex-situ site remediation including in situ chemical oxidation (ISCO) and in situ chemical reduction (ISCR) for source zone and plume treatment, bioremediation of soil containing pesticides, and removal of heavy metals.
“We are delighted that our customers and partners see the value of highlighting our solutions at this signature industry event,” said Alan Seech, director of Soil & Groundwater Remediation, FMC Environmental Solutions Division. “We all share the same goal of bringing environmental professionals the latest information as our industry continues to help solve the difficult challenges posed by chlorinated and recalcitrant compounds.”
FMC’s soil and groundwater solutions are part of FMC’s Environmental Solutions Division. Launched in May, the new division integrates the company’s portfolio of proprietary products and specialty solutions that prevent or remediate contamination of air, soil and water. The launch of the division marks an increased focus and investment in the growing multi-billion dollar global market for cost-sustainable and environmentally-friendly solutions in remediation and pollution prevention.
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May2 |
5/2/2012 2:09:59 PM by James Fitzwater |
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PHILADELPHIA, May 2, 2012 – FMC Corporation (NYSE:FMC) announced today that Andrew Sandifer, vice president, Corporate Planning and Development, is assuming responsibility for investor relations. Sandifer will continue to lead the company’s strategic planning, business development and mergers and acquisitions as part of this expanded role.
“We are pleased to have an executive of Andrew’s caliber and experience to lead investor relations,” said Pierre Brondeau, FMC president, CEO and chairman. “Andrew has been an important leader in building FMC’s strategic planning discipline and developing the company’s Vision 2015 strategy. His previous investor relations experience and his broad understanding of FMC’s growth strategy will ensure that Andrew is a valuable resource to our investment community.”
Sandifer assumes leadership of FMC investor relations from Brennen Arndt, who has accepted a new position at another company.
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May2 |
5/2/2012 8:03:36 AM by James Fitzwater |
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Creates unified global platform for environmental technologies
PHILADELPHIA, May 2, 2012 – FMC Corporation (NYSE:FMC) announced today the launch of FMC Environmental Solutions, a new division that integrates the company’s portfolio of proprietary products and specialty solutions that prevent or remediate contamination of air, soil and water. The announcement marks an increased focus and investment in the growing multi-billion dollar global market for cost-sustainable and environmentally-friendly solutions in remediation and pollution prevention.
“Today’s announcement further strengthens our commitment to give customers better answers for their most pressing environmental issues,” said Mark Douglas, president of FMC Industrial Chemicals. “With a unified global platform of products and a proven track record across five continents, we are in a better position to help customers tackle the critical issues of cost and compliance, head on.”
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Apr30 |
4/30/2012 5:44:42 PM by James Fitzwater |
- First quarter 2012 adjusted earnings of $1.94 per diluted share up 30 percent on revenue increase of 18 percent
- Agricultural Products’ segment earnings up 29 percent; Specialty Chemicals’ segment earnings down 1 percent; Industrial Chemicals’ segment earnings up 19 percent
- Second quarter 2012 outlook for adjusted earnings of $1.65 to $1.85 per diluted share, a 14 percent increase at midpoint of range
- Full-year 2012 outlook for adjusted earnings of $6.80 to $7.05 per diluted share, a 16 percent increase at midpoint of range; raises midpoint of range versus previous outlook
PHILADELPHIA, April 30, 2012 – FMC Corporation (NYSE:FMC) today reported net income of $119.1 million, or $1.71 per diluted share, in the first quarter of 2012, versus net income of $94.0 million, or $1.30 per diluted share, in the first quarter of 2011. Net income in the current quarter included charges of $16.3 million after tax, or $0.23 per diluted share, versus charges of $13.6 million after tax, or $0.19 per diluted share, in the prior year quarter. Excluding these items in both periods, adjusted earnings were $1.94 per diluted share in the current quarter, an increase of 30 percent versus $1.49 per diluted share in the prior-year quarter. First quarter revenue of $940.7 million was 18 percent higher than $795.0 million in the prior year.
Pierre Brondeau, FMC president, chief executive officer and chairman, said, “Our first quarter 2012 results provided a very strong start to what we expect will be another record year for FMC. Agricultural Products delivered robust performance driven by broad-based growth in Latin America, North America and Asia. Specialty Chemicals’ results met our expectations with strong commercial performance in BioPolymer offset by higher weather-related operating costs in lithium and plant downtime effects associated with capacity expansion projects as we position both businesses for continued premium growth. Industrial Chemicals realized strong performance driven by higher selling prices across the segment, particularly in soda ash, favorable export mix in soda ash and the continued shift toward specialties in Peroxygens.”
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Apr25 |
4/25/2012 3:25:34 PM by James Fitzwater |
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PHILADELPHIA, April 25, 2012 – FMC Corporation (NYSE:FMC) announced today publication of its 2011 Sustainability Report, “We’ve Made a Choice,” the company’s first sustainability report that includes an index to Global Reporting Initiative (GRI) indicators.
“Sustainability has long been a quiet part of FMC’s business practices and operating philosophy,” said Pierre Brondeau, FMC president, CEO and chairman. “But as the coming decades bring new challenges to supply the world’s rapidly growing needs, we acknowledge that sustainability must be more than simply who we are and what we say in a report. Sustainability must be an aspect of our corporate consciousness and an explicit part of our decision making process.”
FMC defined a roadmap for sustainability as a corporation during 2011 and formed a Sustainability Committee with its Board of Directors to oversee the company’s collective actions. FMC’s businesses are aligning their strategic plans with this roadmap, said Brondeau.
The FMC 2011 Sustainability Report can be accessed online at the company’s sustainability website: www.fmc.com/sustainability.
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Apr24 |
4/24/2012 3:26:17 PM by James Fitzwater |
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PHILADELPHIA, April 24, 2012 – FMC Corporation (NYSE:FMC) announced today its Board of Directors declared a two-for-one split of its common stock to be effected in the form of a distribution payable on May 24, 2012, to shareholders of record of its common stock as of the close of business on May 11, 2012. Trading in the common stock will begin on a post-split adjusted basis on May 25, 2012.
The Board’s action followed the approval by FMC stockholders at today’s Annual Meeting of an amendment to FMC’s certificate of incorporation to increase the number of authorized shares.
In addition, the Board of Directors declared a regular quarterly dividend of 9 cents per share (after giving effect to the stock split) payable on July 19, 2012, to shareholders of record at the close of business on June 29, 2012.
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Apr3 |
4/3/2012 8:46:47 AM by James Fitzwater |
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PHILADELPHIA, April 3, 2012 – FMC Corporation (NYSE:FMC) today announced the following schedule for its first quarter 2012 earnings release and webcast conference call:
• Earnings Release: Monday, April 30, 2012, after the stock market close via PR Newswire and FMC Corporation’s website at: http://www.fmc.com.
• Webcast Conference Call: Tuesday, May 1, 2012, at 11:00 a.m. ET. The live call is open to the public via Internet broadcast and telephone. Internet broadcast: http://www.fmc.com Passcode: FMC
Dial-in telephone numbers: U.S. / Canada: (800) 230-1093 International: (612) 234-9959 Conference ID # 226242
• Webcast Conference Call Replay: Available via the internet and telephone from 1:00 p.m. ET on Tuesday, May 1, 2012, until Friday, June 1, 2012.
Internet replay: http://www.fmc.com U.S. / Canada telephone number: (800) 475-6701 International telephone number: (320) 365-3844 Enter Conference ID # 226242
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Mar14 |
3/14/2012 7:27:58 AM by James Fitzwater |
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Site Includes Advanced Food Laboratory for FMC BioPolymer Business
PHILADELPHIA, March 14, 2012 – FMC Corporation (NYSE:FMC) recently opened its new Singapore Technical Center in Singapore Science Park 2. The facility, which features a state-of-the-art food laboratory, will serve the technology and formulation needs of FMC’s growing food and beverage customers in Singapore and throughout Southeast Asia.
“Our biopolymer food ingredient technologies are among the most sophisticated and widely used in the industry, but what truly sets us apart is FMC’s technical collaboration and formulation capabilities that we offer to all of our customers,” said Mary T. Clarke, general manager, Food Ingredients, FMC BioPolymer. “Our new Singapore Technical Center brings our premier service model to Southeast Asia customers who want to develop their products faster and more efficiently.”
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Mar7 |
3/7/2012 4:13:53 PM by James Fitzwater |
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Unique Business Strategy Propels FMC Agricultural Products to Eight Consecutive Years of Record Earnings
PHILADELPHIA, March 7, 2012 – FMC Corporation (NYSE:FMC) president, CEO and chairman, Pierre Brondeau, this week discussed a unique ‘differentiator strategy’ that has helped FMC Agricultural Products lead the industry in profitability and deliver eight consecutive years of record earnings. Brondeau made his remarks at the Credit Suisse 17th Annual Global Ag Productivity Conference in London.
“We have a winning differentiator strategy that broke an industry paradigm,” said Brondeau. “The conventional paradigm is – if you want to be successful in the agricultural industry, you either have to invent new active molecules or biotech products, or you need to be a generic company and compete on cost.
“We believed we could do both – that we could do innovation our way and be globally cost competitive with anybody in the industry. And we have,” said Brondeau. “This low-cost innovation strategy has worked very well for us.”
In 2011, FMC Agricultural Products sales grew 18 percent to $1.46 billion and earnings grew 13 percent to $348 million with an earnings margin of 24 percent. Approximately 25 percent of sales were generated from product and market innovations introduced over the previous five years, said Brondeau.
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Mar5 |
3/5/2012 4:33:56 PM by James Fitzwater |
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PHILADELPHIA, March 5, 2012 – FMC Corporation (NYSE:FMC) and Kumiai Chemical Industry Co., Ltd., today announced that they have entered into an exclusive global agreement to evaluate a new herbicide discovered by Kumiai for potential global development and commercialization.
Kumiai and Ihara Chemical Industry Co., Ltd., discovered the chemistry in their research labs and are partnering with FMC to evaluate and develop the commercial potential for this new chemistry. The companies will evaluate the chemistry on a number of global crops and weed problems over the coming years.
"Our relationship with Kumiai is an extremely important one for FMC’s agricultural business, and I am delighted to be working with Kumiai on this new active ingredient, and we expect to progress rapidly in our evaluations," said Milton Steele, president of FMC Agricultural Products Group. "The chemistry is a new herbicide that offers the potential to address some of the emerging herbicide resistance problems that farmers all over the world are experiencing.”
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Feb21 |
2/21/2012 8:02:10 AM by James Fitzwater |
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PHILADELPHIA, February 21, 2012 – FMC Corporation (NYSE:FMC) announced today it has entered into exclusive technology license and commercialization agreements with East China University of Science and Technology (ECUST) and Shanghai Shengnong Pesticide Co. Ltd. (SSPC). The three parties will develop and commercialize a new insecticide active ingredient. It was invented at ECUST and licensed by manufacturer SSPC. FMC will have exclusive global development and commercialization rights outside of China. The agreement also provides for additional new pesticide research collaboration.
“We’re excited to partner with the leaders at ECUST and SSPC to develop promising new solutions to farmers seeking alternatives to existing pest-resistant chemistries,” said Milton Steele, president, FMC Agricultural Products Group. “Combining the research strength of ECUST, the China manufacturing leadership of SSPC, and FMC’s deep product development and marketing expertise is an incredibly strong formula for success.”
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Feb17 |
2/17/2012 3:27:55 PM by James Fitzwater |
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PHILADELPHIA, February 17, 2012 – FMC Corporation (NYSE: FMC) announced today that its Board of Directors authorized the repurchase of up to an additional $250 million of the company’s common shares. The company’s Board also declared a regular quarterly dividend of 18 cents per share, payable on April 19, 2012, to shareholders of record at the close of business on March 30, 2012. This represents an increase of 3 cents per share, or 20 percent, over the dividend declared on December 16, 2011.
“Today’s announcement reflects our confidence in FMC’s ability to continue healthy earnings and cash flow growth,” said Pierre Brondeau, FMC president, chief executive officer and chairman. “We are on track with our Vision 2015 plan to grow our existing businesses, pursue external growth opportunities and reward shareholders with additional liquidity through share repurchases and a growing dividend stream.”
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Feb8 |
2/8/2012 4:44:56 PM by James Fitzwater |
- Fourth quarter 2011 adjusted earnings of $1.58 per diluted share up 44 percent; revenue increase of 17 percent excluding prior-year impact of exited businesses
- Agricultural Products’ segment earnings up 17 percent; Specialty Chemicals’ segment earnings up 11 percent; Industrial Chemicals’ segment earnings up 47 percent
- First quarter 2012 outlook for adjusted earnings of $1.70 to $1.90 per diluted share, a 21 percent increase at midpoint of range
- Full-year 2012 outlook for adjusted earnings of $6.70 to $7.05 per diluted share, a 15 percent increase at midpoint of range
PHILADELPHIA, February 8, 2012 – FMC Corporation (NYSE:FMC) today reported net income of $77.9 million, or $1.10 per diluted share, in the fourth quarter of 2011, versus a net loss of $53.5 million, or $0.74 per diluted share, in the fourth quarter of 2010. Net income in the current quarter included restructuring and other income and charges of $33.7 million after-tax, or charges of $0.48 per diluted share, versus restructuring and other income and charges of $133.2 million after-tax, or charges of $1.84 per diluted share in the prior-year quarter. Excluding these items in both periods, the company earned $1.58 per diluted share in the current quarter, an increase of 44 percent versus $1.10 per diluted share in the prior-year quarter. Fourth quarter revenue of $908.6 million increased 17 percent excluding the prior-year impact of exited businesses.
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Feb7 |
2/7/2012 4:19:40 PM by James Fitzwater |
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PHILADELPHIA, February 7, 2012 – FMC Corporation (NYSE:FMC) announced today it has signed an exclusive distribution and development agreement with Consumo em Verde (CEV), Biotecnologia das Plantas, S.A. of Portugal for the unique patented fungicidal active ingredient blad, which has a new mode of action. FMC Agricultural Products Group will develop and market the fungicide in the United States and Canada as Problad Plus™ for all crop and non-crop uses.
Problad Plus was developed over the past 10 years by researchers at the Instituto Superior de Agronomia (ISA) at Lisbon University, Portugal. The new fungicide is effective on a broad spectrum of difficult-to-control plant diseases affecting tomatoes, strawberries, grapes and nut crops. Registration for Problad Plus has been submitted to the U.S. Environmental Protection Agency with an anticipated approval as a biopesticide in early 2013.
FMC began additional testing of Problad Plus on key crops in California and Florida in 2011 and plans an extensive field trial program throughout North America for 2012. FMC plans to expand the registration to additional crops in the near future.
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Jan20 |
1/20/2012 4:08:37 PM by James Fitzwater |
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PHILADELPHIA, January 20, 2012 – FMC Corporation (NYSE:FMC) announced today that its 2012 Annual Meeting of Stockholders will be held on Tuesday, April 24, 2012, at 2:00 p.m. ET at Top of the Tower, 1717 Arch Street, 50th Floor, Philadelphia, Pa., 19103.
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Jan17 |
1/17/2012 4:05:00 PM by James Fitzwater |
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PHILADELPHIA, January 17, 2012 – FMC Corporation (NYSE:FMC) today announced the following schedule for its fourth quarter 2011 earnings release and webcast conference call:
- Earnings Release: Wednesday, February 8, 2012, after the stock market close via PR Newswire and FMC Corporation’s website at: http://www.fmc.com.
- Webcast Conference Call: Thursday, February 9, 2012, at 11:00 a.m. ET. The live call is open to the public via Internet broadcast and telephone.
Internet broadcast: http://www.fmc.com Passcode: FMC
Dial-in telephone numbers: U.S. / Canada: (800) 230-1093 International: (612) 234-9959 Conference ID # 226241
- Webcast Conference Call Replay: Available via the internet and telephone from 1:00 p.m. ET on Thursday, February 9, 2012 until Friday, March 9, 2012.
Internet replay: http://www.fmc.com U.S. / Canada telephone number: (800) 475-6701 International telephone number: (320) 365-3844 Enter Conference ID # 226241
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Dec22 |
12/22/2011 8:42:29 AM by James Fitzwater |
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PHILADELPHIA, December 22, 2011 – FMC Corporation (NYSE:FMC) announced the appointment of Kenneth A. Gedaka as vice president, Corporate Communications.
“Ken is a seasoned communications leader with nearly 25 years of public relations experience in the chemical industry,” said Pierre Brondeau, FMC president, CEO and chairman. “He brings to FMC an impressive track record in corporate, business, and employee communications, public affairs, corporate philanthropy, and executive communications. As we continue to execute FMC’s Vision 2015 growth strategy, Ken and his team will play a critical role to strengthen the company’s visibility and brand among our diverse stakeholders.”
Gedaka joined FMC from The Dow Chemical Company where he was Public Affairs director, responsible for global communications for the company’s Advanced Materials Division. He previously was Communications director at Rohm and Haas Company, where he held a variety of global leadership roles in business and corporate communications prior to the company’s acquisition by Dow in 2009.
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Dec20 |
12/20/2011 3:38:48 PM by James Fitzwater |
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PHILADELPHIA, December 20, 2011 – FMC Corporation (NYSE: FMC) today marked the company's 80th year of listing on the New York Stock Exchange with the ringing of The Closing BellSM by Pierre Brondeau, FMC president, CEO and chairman. FMC listed on the NYSE on April 23, 1931, as the Food Machinery Corporation.
“Our leaders came to the New York Stock Exchange 80 years ago to access the largest pool of capital available to help FMC accelerate its growth and fund international expansion," said Brondeau. "Today, FMC continues to focus on growth across all of our businesses and around the globe through our Vision 2015 strategy.
“We are proud to have such a longstanding relationship with the New York Stock Exchange, which has evolved as NYSE Euronext into the first truly global financial marketplace," added Brondeau.
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Dec16 |
12/16/2011 4:01:28 PM by James Fitzwater |
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PHILADELPHIA, December 16, 2011 – FMC Corporation (NYSE: FMC) announced today that its Board of Directors declared a regular quarterly dividend of 15 cents per share, payable on January 19, 2012, to shareholders of record at the close of business on December 30, 2011.
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Dec6 |
12/6/2011 8:06:23 AM by James Fitzwater |
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Acquisition strengthens FMC Agricultural Products’ fungicide platform, streamlines Bayer CropScience portfolio.
Philadelphia, December 6, 2011 – FMC Corporation (NYSE:FMC) today announced that it has acquired Rovral® iprodione and Sportak® prochloraz fungicides from Bayer CropScience. The transaction includes the use of these two fungicide families and their product trademarks for agricultural use outside of Europe.
“We are pleased to add these established fungicides to FMC’s broad portfolio of herbicides and insecticides,” said Milton Steele, president, FMC Agricultural Products Group. “These are highly effective, resistance management technologies that are used worldwide, primarily in the tree, fruit and vegetable markets, as well as in a wide range of crops, including cereals, canola, and soybeans. They are brands well recognized by leading agricultural customers around the world. FMC will continue to develop and extend these great additions to our product portfolio.”
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Dec1 |
12/1/2011 11:40:00 AM by James Fitzwater |
PHILADELPHIA, December 1, 2011 – FMC BioPolymer today announced a price increase of up to 15 percent, or as contracts permit, on all FMC branded microcrystalline cellulose (MCC), carrageenan and alginate based products, effective January 1, 2012. The global price increase affects all product lines across food, personal care, industrial and pharmaceutical customers. FMC BioPolymer is a division of FMC Corporation (NYSE: FMC).
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Nov22 |
11/22/2011 4:22:02 PM by James Fitzwater |
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PHILADELPHIA, November 22, 2011 – FMC Corporation (NYSE: FMC) today announced that it has completed the sale of $300 million aggregate principal amount of its 3.95% Senior Notes due February 1, 2022, in an underwritten registered public offering. The offering was made pursuant to an effective shelf registration statement FMC filed with the Securities and Exchange Commission on February 25, 2010, and a prospectus supplement filed on November 17, 2011, in which FMC stated its intention to use the net proceeds from this offering to pay down existing indebtedness under its revolving credit agreement and for general corporate purposes, including its stock repurchase program.
Pierre Brondeau, FMC’s president, chief executive officer and chairman, said, “This offering underscores our continued intent to generate significant value for our investors as we implement our strategic plan for the next five years, Vision 2015. We intend to use the proceeds from this offering to fund internal growth opportunities and acquisitions, and to reward our investors with additional liquidity through share repurchases — all key elements of Vision 2015.”
Brondeau continued, “With the offering now completed, we are commencing the repurchase of approximately $200 million of our shares under our previously announced share repurchase program, accelerating the timing from the original plan for these repurchases to occur in 2012. We expect to complete the repurchases by the end of March 2012.”
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Nov21 |
11/21/2011 8:27:10 AM by James Fitzwater |
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Strengthens FMC’s portfolio of environmental remediation technologies
PHILADELPHIA, November 21, 2011 – FMC Corporation (NYSE:FMC) announced today the company has acquired the assets of Adventus Intellectual Property from Covington Capital Corporation and VentureLink Innovation Fund Inc. Adventus has a portfolio of specialty remediation technologies used in soil and ground water.
“Adventus presents an exceptional opportunity for FMC to broaden its growing portfolio of advanced specialty solutions serving the global site remediation market,” said Mark Douglas, president of FMC Industrial Chemicals.
“Meeting current and future regulations for clean water, air, and soil will demand novel technologies and sustainable solutions,” Douglas added. “Today’s announcement will expand FMC’s current portfolio of advanced peroxygen-based products for soil and groundwater remediation and air pollution abatement.”
Adventus, a Canadian corporation located in Mississauga, Ontario, holds patents and intellectual property related to bioremediation technology for chlorinated organic compounds, pesticides and hazardous metals. Terms of the transaction were not disclosed.
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Nov17 |
11/17/2011 6:49:33 PM by James Fitzwater |
PHILADELPHIA, November 17, 2011 – FMC Corporation (NYSE: FMC) today announced that it priced $300 million aggregate principal amount of its 3.95% Senior Notes due February 1, 2022, in an underwritten registered public offering. The offering is being made pursuant to an effective shelf registration statement FMC filed with the Securities and Exchange Commission on February 25, 2010, and is expected to close on November 22, 2011, subject to customary closing conditions. FMC intends to use the net proceeds from this offering to pay down existing indebtedness under FMC’s revolving credit agreement and for general corporate purposes, including FMC’s stock repurchase program.
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Nov2 |
11/2/2011 2:58:00 PM by James Fitzwater |
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PHILADELPHIA, November 2, 2011 – FMC Wyoming Corporation announced today that effective immediately, or as contract terms permit, it will increase the price of its Grade 260 “dense” soda ash sold to customers in South Africa by $20 per metric ton. This increase is in addition the $30 per metric ton announced in April 2011. The increase is necessary for FMC to recover increasing costs and continue to invest in its operations as the global demand for soda ash increases.
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Oct31 |
10/31/2011 4:46:03 PM by James Fitzwater |
- Third quarter 2011 adjusted earnings of $1.39 per diluted share up 18 percent; revenue increase of 16 percent excluding prior-year impact of exited businesses
- Agricultural Products’ segment earnings up 8 percent; Specialty Chemicals’ segment earnings up 1 percent; Industrial Chemicals’ segment earnings up 20 percent
- Fourth quarter 2011 outlook for adjusted earnings of $1.30 to $1.40 per diluted share, a 23 percent increase at midpoint of range
- Full-year 2011 outlook for adjusted earnings of $5.70 to $5.80 per diluted share, a 16 percent increase at midpoint of range; raises midpoint of range versus previous outlook
- $100 million in share repurchases completed in third quarter 2011
PHILADELPHIA, October 31, 2011 – FMC Corporation (NYSE:FMC) today reported net income of $86.8 million, or $1.21 per diluted share, in the third quarter of 2011, versus net income of $82.9 million, or $1.13 per diluted share, in the third quarter of 2010. Net income in the current quarter included restructuring and other income and charges of $12.4 million after-tax, or charges of $0.18 per diluted share, versus restructuring and other income and charges of $3.1 million after-tax, or charges of $0.05 per diluted share, in the prior-year quarter. Excluding these items in both periods, the company earned $1.39 per diluted share in the current quarter, an increase of 18 percent versus $1.18 per diluted share in the prior-year quarter. Third quarter revenue of $862.1 million increased 16 percent excluding the prior-year impact of exited businesses.
Pierre Brondeau, FMC president, chief executive officer and chairman, said, “We delivered another quarter of strong performance as demand across our businesses and diverse end markets remains healthy, particularly in rapidly developing economies. We continue to see rich opportunities for organic growth across our businesses and make good progress advancing our external growth initiatives.”
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Oct26 |
10/26/2011 4:29:00 PM by James Fitzwater |
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PHILADELPHIA, October 26, 2011 – FMC Corporation (NYSE:FMC) announced today that it has entered into a definitive agreement to acquire South Pole Biogroup Ltda., a Chilean-based natural color and specialty nutrition ingredients manufacturer. The acquisition further expands FMC’s portfolio of naturally sourced specialty products used in the food, beverage, personal care, nutrition and pharmaceutical markets.
“South Pole Biogroup is an innovation leader in the natural color and health ingredients industry,” said Mike Smith, division general manager, FMC BioPolymer. “This transaction brings a remarkable portfolio of natural color formulation, product application expertise, and ingredient extraction capabilities to FMC customers and partners around the world.”
The natural color market is expected to grow beyond $1 billion in the next four years as consumer preference for nature-derived food colors and ingredients and overall health and nutrition continues to increase in mature and emerging markets.
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Oct11 |
10/11/2011 1:52:28 PM by James Fitzwater |
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PHILADELPHIA, October 11, 2011 – FMC Corporation (NYSE:FMC) today announced the following schedule for its third quarter 2011 earnings release and webcast conference call:
- Earnings Release: Monday, October 31, 2011, after the stock market close via PR Newswire and FMC Corporation’s website at: http://www.fmc.com.
- Webcast Conference Call: Tuesday, November 1, 2011, at 11:00 a.m. ET. The live call is open to the public via Internet broadcast and telephone.
Internet broadcast: http://www.fmc.com Passcode: FMC
Dial-in telephone numbers: United States: (866) 254-5940 International: (651) 291-0900 Conference ID # 205245
- Webcast Conference Call Replay: Available via the Internet and telephone from 2:00 p.m. ET on Tuesday, November 1, 2011 until Thursday, December 1, 2011.
Internet replay: http://www.fmc.com U.S. / Canada: (800) 475-6701 International: (320) 365-3844 Conference ID # 205245
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Oct6 |
10/6/2011 8:36:38 AM by James Fitzwater |
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PHILADELPHIA, October 6, 2011 – FMC Corporation (NYSE:FMC) announced today the company has completed its acquisition of the European persulfates business of RheinPerChemie GmbH from Unionchimica SpA. The acquisition strengthens FMC Peroxygens’ global reach and immediately broadens the company’s product portfolio for Europe, the Middle East and Africa.
“This is an excellent business that allows us to globalize our specialty peroxygens franchises in environmental, electronics, food safety and other applications,” said Mark Douglas, president of FMC Industrial Chemicals.
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Sep29 |
9/29/2011 4:19:10 PM by James Fitzwater |
PHILADELPHIA, September 29, 2011 – FMC Wyoming Corporation announced today that effective November 1, 2011, or as contract terms permit, it will increase both list and off-list soda ash prices by $15.00/short ton for all grades of soda ash. The increase applies to both bulk and packaged products and is in addition to the $20/short ton off-list increase previously announced as effective July 1, 2011.
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Sep22 |
9/22/2011 7:24:15 AM by James Fitzwater |
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PRINCETON, N.J, September 22, 2011 – FMC Corporation, Church & Dwight Co., Inc., and TATA Chemicals (Soda Ash) Partners have signed a definitive agreement to form a partnership to manufacture and market sodium-based, dry sorbents for air pollution control in electric utility and industrial boiler operations. The sorbents, primarily sodium bicarbonate and trona, are used by coal-fired utilities to remove harmful pollutants, such as acid gases, in flue-gas treatment processes. Independent estimates put market demand for these sorbents in the $200-$400 million range by 2015.
The new entity, Natronx Technologies, LLC, will be headquartered in Princeton, N.J. Natronx will produce, sell and distribute sorbents to users of Dry Sorbent Injection (DSI) technology. The U.S. Environmental Protection Agency has estimated that DSI technology will likely be employed by nearly 20 percent of U.S. coal-fired electric generation capacity as part of compliance with air pollution regulations recently issued in March 2011. DSI technology enables utilities to reduce the significant capital investment required by the new regulations by using this sodium-based media in the removal technique. Natronx intends to invest approximately $60 million to construct a 450,000 ton-per-year facility to produce trona sorbents by the fourth quarter of 2012. The investment will be shared equally by the partners.
The three top officials will be assigned from each partner company: General Manager, Arthur Esposito (Church & Dwight); Sales & Marketing Director, Travis Vaughn (FMC) and Chief Financial Officer, John Mulhall (TATA Chemicals).
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Aug31 |
8/31/2011 8:44:53 AM by James Fitzwater |
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PHILADELPHIA, August 31, 2011 – FMC Corporation (NYSE:FMC) announced today its Agricultural Products Group has signed an exclusive development and distribution agreement for Marrone Bio Innovations (MBI) Regalia® Maxx biofungicide in Latin America. Regalia Maxx is a biological product that protects plants by triggering their natural defense systems to combat several bacterial and fungal diseases.
“We believe Regalia Maxx is an outstanding biological product and are very excited about developing it for several of our growth markets in Latin America," said Antonio Zem, Latin America area director, FMC Agricultural Products Group. “Regalia Maxx has an important fit in integrated pest management (IPM) programs and potential applications for other crops that we look forward to developing with MBI.”
Regalia Maxx has already received registration in Mexico where FMC tested the product with excellent results against powdery mildew and Botrytis gray mold/bunch rot in specialty crops. Sales are expected to begin in December of this year. FMC has also tested the product in Brazilian vegetable crops and plans to expand development to other South American territories. Under the agreement, FMC will also develop improved formulations and premix products in collaboration with MBI.
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Aug22 |
8/22/2011 8:46:00 AM by James Fitzwater |
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PHILADELPHIA, August 23, 2011 – FMC Corporation (NYSE:FMC) announced today its Agricultural Products Group has entered into two exclusive agreements covering global development and supply of Chr. Hansen biological products for agricultural and ornamental markets. FMC will begin commercialization this year of Chr. Hansen’s Nemix bacillus product in Brazil and start development for new biological standalone and combination products in the Americas and key agricultural markets.
Under the agreements, FMC will access Chr. Hansen’s large library of existing bacillus products to evaluate and develop other biological products for use in agriculture as nematicides and plant health promoters. Chr. Hansen will supply biological materials for products that FMC commercializes under the agreements. Terms of the agreements were not disclosed.
“The Chr. Hansen biological products are complementary to FMC’s portfolio of crop protection products and offer additional solutions to growers in FMC’s focus markets,” said Milton Steele, president, FMC Agricultural Products Group. “This relationship opens exciting new opportunities for FMC’s Agricultural Products Group and is clearly aligned with our growth strategy by expanding in adjacent spaces to chemical crop protection markets.”
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Aug5 |
8/5/2011 1:55:36 PM by James Fitzwater |
PHILADELPHIA, August 5, 2011 – FMC Corporation (NYSE: FMC) announced today it has executed a new $1.5 billion unsecured credit agreement with a group of lenders. Loans under the facility can be used for general corporate purposes. The agreement has an option to increase the amount available to $2.25 billion and has a five-year term with the option to extend the maturity for up to an additional two years. The new credit facility replaces two existing unsecured credit agreements aggregating approximately $915 million that were scheduled to mature August 28, 2012.
“This financing commitment is an important element in the implementation of our plan for the next five years, Vision 2015,” said Pierre Brondeau, FMC’s president, chief executive officer and chairman. “Together with FMC’s strong balance sheet and significant cash flow, the new credit agreement gives us ample financial resources to grow our existing businesses, pursue external growth opportunities, and reward shareholders with additional liquidity through share repurchases and a growing dividend stream.”
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Aug1 |
8/1/2011 4:20:16 PM by James Fitzwater |
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- Second quarter 2011 adjusted earnings of $1.53 per diluted share up 18 percent; Revenue increase of 9 percent excluding prior-year impact of exited businesses - Agricultural Products’ segment earnings up 18 percent; Specialty Chemicals’ segment earnings up 10 percent; Industrial Chemicals’ segment earnings up 21 percent - Full-year 2011 outlook for adjusted earnings of $5.60 to $5.80 per diluted share raises midpoint of range versus previous outlook; 2011 outlook for adjusted earnings growth increased to 15 percent at midpoint of range - Company announces intent to repurchase $100 million in shares in third quarter 2011
PHILADELPHIA, August 1, 2011 – FMC Corporation (NYSE:FMC) today reported net income of $107.2 million, or $1.49 per diluted share, in the second quarter of 2011, versus net income of $65.7 million, or $0.90 per diluted share, in the second quarter of 2010. Net income in the current quarter included restructuring and other income and charges of $3.3 million after-tax, or charges of $0.04 per diluted share, versus restructuring and other income and charges of $29.9 million after-tax, or charges of $0.40 per diluted share, in the prior-year quarter. Excluding these items in both periods, the company earned $1.53 per diluted share in the current quarter, an increase of 18 percent versus $1.30 per diluted share in the prior-year quarter. Second quarter revenue of $812.2 million increased 9 percent excluding the prior-year impact of exited businesses.
Pierre Brondeau, FMC president, chief executive officer and chairman, said, “We delivered another strong quarter as each operating segment achieved double-digit earnings growth. Demand across our businesses and diverse end markets remains very healthy, particularly in rapidly-developing economies. We continue to see rich opportunities for organic growth across our businesses and intend to step up investments in certain growth capital projects.
“We also continue to make good progress advancing our external growth initiatives with the announcements of an agrochemical joint venture in Argentina that enhances our growth and market access in Latin America’s second largest crop protection market and a peroxygens acquisition in Europe that accelerates the globalization of our specialty peroxygens business.
“Our balance sheet is strong and cash flow robust. In addition to capital investments to support attractive organic growth and focused external initiatives, we intend to repurchase $100 million of our stock in the third quarter. We begin the second half of 2011 ahead of plan toward realizing our Vision 2015 objectives.”
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Aug1 |
8/1/2011 9:00:42 AM by James Fitzwater |
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CHARLOTTE, N.C., August 1, 2011 – FMC Lithium announced today that effective September 1, 2011, or as contracts permit, it will increase global pricing for all butyllithium and specialty organic products by 8 percent. Prices will also be raised by 10 percent for lithium bromide products.
“Over the past year pricing has not kept pace with rising raw materials, energy, and transportation cost increases,” said Chris Senyk, global marketing director for FMC Lithium. “To ensure continued investment in our operations and support the quality of supply and service expectations of our global customers, the increase is necessary.”
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Jul28 |
7/28/2011 3:45:28 PM by James Fitzwater |
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PHILADELPHIA, July 28, 2011 – FMC Corporation (NYSE:FMC) announced today its Agricultural Products Group has entered into a joint venture agreement to form a new Argentine agrochemical distribution company named Ruralco Soluciones SA. FMC’s partners in Ruralco are well-established agrochemical dealers previously associated with Argentine distributor Agropecuaria del Litoral. An FMC subsidiary will own 50 percent of the joint venture company, which recently commenced commercial operations.
“Ruralco fits well with our Vision 2015 strategy to expand our reach in rapidly developing economies, and will allow FMC to accelerate its growth and market access in Argentina’s $1.7 billion crop protection market, the second largest in Latin America,” said Milton Steele, president, FMC Agricultural Products Group.
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Jul27 |
7/27/2011 8:25:26 AM by James Fitzwater |
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PHILADELPHIA, July 27, 2011 – FMC Corporation (NYSE:FMC) announced today the company has entered into a definitive agreement to acquire the European persulfates business of RheinPerChemie GmbH from Unionchimica SpA. The acquisition will strengthen FMC Peroxygens’ global reach by establishing a market position for persulfates in Europe.
“We are extremely pleased with the first step of our Vision 2015 strategy that will allow us to globalize our specialty peroxygens franchises in environmental, electronics, food safety and other applications,” said Mark Douglas, president of FMC Industrial Chemicals. “RheinPerChemie is an excellent business that will immediately broaden our peroxygens portfolio for Europe, the Middle East and Africa.”
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Jul22 |
7/22/2011 3:56:13 PM by James Fitzwater |
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PHILADELPHIA, July 22, 2011 – FMC Corporation (NYSE:FMC) announced today that its Board of Directors declared a regular quarterly dividend of 15 cents per share, payable on October 20, 2011, to shareholders of record at the close of business on September 30, 2011.
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Jul5 |
7/5/2011 4:17:46 PM by James Fitzwater |
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PHILADELPHIA, July 5, 2011 – FMC Corporation (NYSE:FMC) today announced the following schedule for its second quarter 2011 earnings release and webcast conference call:
- Earnings Release: Monday, August 1, 2011, after the stock market close via PR Newswire and FMC Corporation’s website at: http://www.fmc.com.
- Webcast Conference Call: Tuesday, August 2, 2011, at 11:00 a.m. ET. The live call is open to the public via Internet broadcast and telephone.
Internet broadcast: http://www.fmc.com Passcode: FMC
Dial-in telephone numbers: United States: (866) 254-5940 International: (651) 291-0900 Conference ID # 205243
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Jun23 |
6/23/2011 4:54:37 PM by James Fitzwater |
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CHARLOTTE, N.C., June 23, 2011 – FMC Lithium announced today that effective July 1, 2011, or as contracts permit, it will increase prices 20 percent for lithium carbonate and between 15 and 25 percent, depending on product grade, for a range of lithium products, including lithium hydroxide, lithium chloride, specialty lithium salts and lithium battery metal.
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Jun10 |
6/10/2011 12:02:00 PM by James Fitzwater |
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PHILADELPHIA, June 10, 2011 – FMC Wyoming announced today the company has engaged CH2MHill for the process design and detailed engineering package of a second phase of capacity addition at FMC's Granger, Wyo., soda ash facility. The first phase of the Granger recommissioning will be completed by July 1, 2011, producing at a rate of 500,000 tons per year. FMC expects to request approval for the expansion project from FMC's board of directors in 2011. If approved, the second phase will bring the Granger capacity to 1.2 million tons by 2014.
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May31 |
5/31/2011 11:41:47 AM by Nicole Miller |
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The U.S. Supreme Court today denied a petition by FMC Corporation and three national grower groups for review of a lower appellate court ruling which had upheld the Environmental Protection Agency's (EPA) decision to deny an administrative hearing on the revocation of domestic tolerances for carbofuran.
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May27 |
5/27/2011 12:41:03 PM by James Fitzwater |
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PHILADELPHIA, May 27, 2011 – FMC Corporation (NYSE:FMC) announced today that Eduardo E. Cordeiro and William H. Powell have been elected to the company’s board of directors, effective June 1, 2011.
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May18 |
5/18/2011 8:35:00 AM by James Fitzwater |
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PHILADELPHIA, May 18, 2011 – FMC Corporation (NYSE:FMC) today announced that W. Kim Foster, executive vice president and chief financial officer, will be presenting at the Goldman Sachs Basic Materials Conference in New York, on May 24, 2011 at 11:45 a.m. ET. Mr. Foster will provide an overview of FMC Corporation and discuss the company’s strategy for sustained profitable growth. The presentation slides will be available on FMC Corporation’s Investor Relations web site at www.fmc.com/investorrelations.
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May2 |
5/2/2011 4:51:32 PM by James Fitzwater |
- First quarter 2011 adjusted earnings of $1.49 per diluted share up 10 percent on revenue increase of 10 percent excluding prior-year impact of exited businesses
- Agricultural Products’ segment earnings up 8 percent; Specialty Chemicals’ segment earnings up 10 percent; Industrial Chemicals’ segment earnings up 17 percent
- Full-year 2011 outlook for adjusted earnings raised to $5.50 to $5.80 per diluted share
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Apr28 |
4/28/2011 2:17:00 PM by James Fitzwater |
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PHILADELPHIA, April 28, 2011 – FMC Corporation (NYSE: FMC) today announced the following schedule for its first quarter 2011 earnings release and webcast conference call:
- Earnings Release: Monday, May 2, 2011, after the stock market close via PR Newswire and FMC Corporation's website at: http://www.fmc.com.
- Webcast Conference Call: Tuesday, May 3, 2011, at 11:00 a.m. ET. The live call is open to the public via Internet broadcast and telephone.
Internet broadcast: http://www.fmc.com
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Apr26 |
4/26/2011 10:56:00 AM by |
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FMC Corporation's Board Declares Quarterly Dividend
PHILADELPHIA, April 26, 2011 /PRNewswire via COMTEX/ --
FMC Corporation (NYSE: FMC) announced today that its Board of Directors declared a regular quarterly dividend of 15 cents per share, payable on July 21, 2011, to shareholders of record at the close of business on June 30, 2011.
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Apr15 |
4/15/2011 2:15:00 PM by James Fitzwater |
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FMC Wyoming Corporation announced today that effective immediately, or as contract terms permit, it will increase the price of its Grade 260 "dense" soda ash sold to South African customers by $30 per metric ton and will increase the price of its Grade 100 "light" soda ash sold to South African customers by $50 per metric ton. This increase is necessary for FMC to recover increasing costs and continue to invest in its operations as the global demand for soda ash increases.
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Apr14 |
4/14/2011 10:58:00 AM by |
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FMC Corporation Completes Expansion of Microcrystalline Cellulose Plant in Cork, Ireland
PHILADELPHIA, April 14, 2011 /PRNewswire via COMTEX/ --
FMC Corporation (NYSE: FMC) today announced the company has completed expansion of its microcrystalline cellulose (MCC) plant in Cork, Ireland. Production from the final phase of the expansion began in March and increases FMC's global capacity by 25 percent for food and pharmaceutical grade MCC.
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