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FMC Corporation (NYSE: FMC) is a global leader in agricultural sciences, providing innovative crop protection solutions to farmers worldwide. With over a century of experience, FMC serves agricultural, industrial, and consumer markets, offering products that enhance food and beverage quality, pharmaceutical delivery, and sustainability. The company is dedicated to its mission of helping growers produce food, feed, fiber, and fuel for a growing global population while adapting to environmental changes.
FMC's portfolio includes a balanced range of products across various geographies and crop types. The company has significantly expanded its capabilities through strategic acquisitions, making it one of the top five largest patented crop protection companies globally. Their R&D pipeline focuses on developing new products, including biologicals, to meet the evolving needs of modern agriculture.
Recent achievements include the launch of Premio® Star insecticide in Brazil and the development of novel bioinsecticides through a partnership with AgroSpheres. FMC's robust R&D efforts are further supported by collaborations with technology companies like Optibrium, integrating AI to accelerate new product discovery.
FMC reported a challenging financial year in 2023 due to market conditions, but the company remains resilient. For 2024, FMC forecasts revenue growth driven by new product launches and strategic cost management. The company continues to invest in its biologicals platform, evidenced by a commercial agreement with Novonesis in Canada to bring advanced biological solutions to farmers.
FMC’s global presence includes 6,200 employees across 100 sites. The company is committed to sustainable agriculture, focusing on the discovery of new active ingredients for herbicides, insecticides, and fungicides, and the development of environmentally friendly product formulations and technologies.
Stay updated with FMC Corporation’s latest news and performance through their official website and follow them on LinkedIn® for more insights.
FMC Corporation (NYSE: FMC) has announced a definitive agreement to acquire Denmark-based BioPhero ApS for approximately $200 million. This acquisition adds advanced pheromone technology to FMC's product portfolio, with expectations of generating around $1 billion in revenue from pheromone products by 2030. BioPhero's innovative fermentation process lowers production costs, expanding market accessibility beyond specialty crops. FMC aims to launch five new pheromone products within the next three to five years, reinforcing its commitment to sustainable agriculture.
FMC Corporation has introduced a new brand identity for its Plant Health business, emphasizing its growth in the biologicals sector.
This year, FMC will launch two new products: Zironar™ biofungicide/bionematicide in the U.S. and Provilar™ biofungicide in Brazil, aimed at enhancing crop protection and yield.
FMC's biologicals platform includes over 50 products, supported by substantial R&D investments. The company anticipates launching four new biopesticides globally over the next four years, reinforcing its commitment to sustainable agriculture.
FMC Corporation (NYSE: FMC) will release its second quarter 2022 earnings on August 2, 2022, after market close. The results will be available through PR Newswire and on the company's website. A webcast conference call is scheduled for August 3, 2022, at 9:00 a.m. ET. The call can be accessed via internet and telephone for public participation. Additionally, a replay will be available from August 3, 2022, to August 24, 2022. The company focuses on agricultural sciences and innovative crop protection solutions.
FMC Corporation (NYSE: FMC) has been awarded the Responsible Care Company of the Year by the American Chemistry Council (ACC), marking the fourth time since 2017 it has received this honor. The award recognizes FMC's exceptional performance in environmental, health, safety, and security (EHS&S). The company achieved a record-low recordable injury rate of 0.066 in 2021, reflecting its strong safety culture. FMC has committed to net-zero greenhouse gas emissions by 2035, emphasizing sustainability in its operations and community responsibility.
FMC Corporation has been awarded the Best Biostimulant Product at the 2022 World BioProtection Awards for its Accudo® biostimulant. This accolade, presented at the World BioProtection Summit in Birmingham, UK, highlights the biostimulant's significant advantages in crop protection. Accudo® has shown a yield increase of over 15% and improves crop vigor and development, especially under stressful conditions. Available in South Korea, Greece, Turkey, and Germany, this recognition underscores FMC's commitment to innovative agricultural solutions.
FMC Corporation (NYSE: FMC) has announced the departure of Bethwyn Todd, president of FMC Asia Pacific, due to health reasons. Pramod Thota, former president of FMC U.S.A., will succeed her as president of the Asia Pacific region, effective July 1. During her tenure, Todd significantly increased revenue, market share, and profitability in the Asia Pacific. Thota brings extensive experience from his roles at FMC, including leadership in FMC India. The leadership transition aims to ensure continuity and leverage Thota's insights in this rapidly growing market.
FMC Corporation (NYSE: FMC) announced a significant legal victory on May 10, 2022, as the Ningbo Intermediate People's Court in Zhejiang Province, China, granted a preliminary injunction against Zhejiang Yongtai Technology Co. Ltd. This injunction prevents Yongtai from selling chlorantraniliprole, FMC's flagship insecticide, until the patent expires. This ruling is notable as it marks one of the rare instances of pre-suit injunctions being issued under China Patent Law. FMC emphasizes the importance of intellectual property in fostering innovation in the Chinese market.
FMC Corporation (NYSE: FMC) has filed a patent infringement lawsuit against Aceto US, LLC in the U.S. District Court for Delaware, alleging unauthorized use of FMC's patented insecticide ingredient, chlorantraniliprole. The lawsuit claims Aceto received chlorantraniliprole shipments from suppliers in India and China, infringing FMC's intellectual property rights. FMC seeks damages and an injunction to prevent further infringement, emphasizing its commitment to protecting its research investments in crop protection technologies.
FMC Corporation reported first quarter 2022 revenue of $1.35 billion, a 13 percent increase year-over-year, with an organic growth of 16 percent despite a 3 percent foreign exchange headwind. GAAP net income rose to $212 million, translating to $1.64 per diluted share, while adjusted EPS reached $1.88, up 23 percent. The company maintains its full-year revenue guidance of $5.25 to $5.55 billion and plans to repurchase $500 to $600 million in shares. However, cost inflation and FX remain challenges, exacerbated by geopolitical tensions.
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