FMC Corporation Forms New Argentine Agrochemical Distribution Joint Venture
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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