FMC Corporation signs agreements with Corteva Agriscience to provide growers seed treatment insecticides

Rhea-AI Summary

FMC Corporation (NYSE: FMC) has signed multi-year agreements with Corteva Agriscience to provide Rynaxypyr® and Cyazypyr® actives for seed treatment products. This collaboration aims to enhance crop protection against insect pests, positively impacting yield and quality. Since acquiring these actives in late 2017, FMC has significantly expanded their usage, with registrations in over 120 countries. The agreements underscore FMC's commitment to supplying advanced crop protection solutions, aligning with its diamide growth strategy.

Positive

• Multi-year agreements with Corteva enhance supply of Rynaxypyr® and Cyazypyr® actives.
• Extension of collaboration reflects FMC's strong market presence in crop protection.
• Products are now registered in over 120 countries, expanding global market access.

Negative

• None.

PHILADELPHIA, Dec. 9, 2021 /PRNewswire/ --

FMC Corporation (NYSE: FMC), a leading global agricultural sciences company, announced it has signed multi-year agreements with Corteva Agriscience to continue to supply Rynaxypyr^® and Cyazypyr^® actives to Corteva for seed treatment products. These multi-year agreements extend the existing global collaboration between the two companies.

Seed-applied insecticides powered by Rynaxypyr^® and Cyazypyr^® actives help growers protect their seed investment against key insect pests, resulting in improved yield and higher quality crops. Corteva is a leader in developing and supplying commercial seed combining advanced germplasm and novel traits.

"These agreements are another example of FMC's commitment to ensure growers have access to advanced crop protection products from patent-protected and qualified sources," said Diane Allemang, FMC vice president and chief marketing officer. "Collaborations with companies such as Corteva are an important component of FMC's diamide growth strategy. Corteva's expertise in seed treatment, as well as its commitment to stewardship and innovation, will support the continued expansion of our Rynaxypyr^® and Cyazypyr^® actives globally."

FMC has continued to grow the diamides significantly since acquiring them in late 2017. The company collaborates with dozens of crop protection companies to provide growers around the world with its leading insecticide technology. Products containing Rynaxypyr^® and Cyazypyr^® actives are registered in over 120 countries for use on hundreds of crops.

About FMC

FMC Corporation is a global agricultural sciences company dedicated to helping growers produce food, feed, fiber and fuel for an expanding world population while adapting to a changing environment. FMC's innovative crop protection solutions – including biologicals, crop nutrition, digital and precision agriculture – enable growers, crop advisers and turf and pest management professionals to address their toughest challenges economically while protecting the environment. With approximately 6,400 employees at more than 100 sites worldwide, FMC is committed to discovering new herbicide, insecticide and fungicide active ingredients, product formulations and pioneering technologies that are consistently better for the planet. Visit fmc.com to learn more and follow us on LinkedIn^® and Twitter^®.

FMC, the FMC logo, Rynaxypyr and Cyazypyr are trademarks of FMC Corporation or an affiliate. Always read and follow all label directions, restrictions and precautions for use. Products listed here may not be registered for sale or use in all states, countries or jurisdictions.

Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995:  This release contains forward-looking statements, which are based on management's current views and assumptions regarding future events, future business conditions and the outlook for the company based on currently available information. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any results, levels of activity, performance or achievements expressed or implied by any forward-looking statement. These factors include, among other things, the risk factors and other cautionary statements included within FMC's 2020 Form 10-K filed with the SEC as well as other SEC filings and public communications. FMC cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Forward-looking statements are qualified in their entirety by the above cautionary statement. FMC undertakes no obligation, and specifically disclaims any duty, to update or revise any forward-looking statements to reflect events or circumstances arising after the date on which they were made, except as otherwise required by law.

 

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SOURCE FMC Corporation

FAQ

What are the recent agreements FMC signed with Corteva Agriscience?

FMC signed multi-year agreements to supply Rynaxypyr® and Cyazypyr® actives for seed treatment products.

How will the agreements with Corteva Agriscience impact FMC?

The agreements will enhance FMC's supply of important crop protection products, supporting yield improvements.

In how many countries are Rynaxypyr® and Cyazypyr® actives registered?

Rynaxypyr® and Cyazypyr® actives are registered in over 120 countries.

What is FMC's growth strategy related to these agreements?

These agreements support FMC's diamide growth strategy by ensuring access to advanced crop protection products.