FMC Corporation Signs Research and Development Collaboration Agreement for New
Proprietary Biological Fungicides and Insecticides with Quimica Agronomica de
PHILADELPHIA, Jan. 24, 2013
PHILADELPHIA, Jan. 24, 2013 /PRNewswire/ --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 Quimica Agronomica de Mexico. The two companies will
co-develop the new fungicides and insecticides for use globally.
(Logo: http://photos.prnewswire.com/prnh/20111101/NE97440LOGO )
"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 Quimica Agronomica de Mexico to our roster of key partners. The
prospect of expanding our already strong crop protection portfolio is
"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, Quimica Agronomica de Mexico. "We look
forward to a productive and successful partnership."
Terms of the agreement were not disclosed.
About FMC Corporation
FMC Corporation is a diversified chemical company serving agricultural,
industrial, environmental and consumer markets globally for more than a
century with innovative solutions, applications and quality products. In
2011, FMC had annual sales of approximately $3.4 billion. The company employs
approximately 5,500 people throughout the world, and operates its businesses
in three segments: Agricultural Products, Specialty Chemicals and Industrial
Chemicals. For more information, visit www.FMC.com.
About Quimica Agronomica de Mexico
Quimica Agronomica de Mexico (QAM), a Mexican company, is dedicated to
innovation in microbiology, creating products that fight bacterial problems in
crops. For more information, visit www.qam.com.mx
Safe Harbor Statement under the Private Securities Act of 1995: Statements in
this news release that are forward-looking statements are subject to various
risks and uncertainties concerning specific factors described in FMC
Corporation's 2011 Form 10-K and other SEC filings. Such information
contained herein represents management's best judgment as of the date hereof
based on information currently available. FMC Corporation does not intend to
update this information and disclaims any legal obligation to the contrary.
Historical information is not necessarily indicative of future performance.
SOURCE FMC Corporation
Contact: Media - Thomas Golembeski, +1-215-299-6699, or Investor Relations -
Andrew Sandifer, +1-215-299-6119
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