FMC Corporation Launches Environmental Solutions Division
Creates unified global platform for environmental technologies
PHILADELPHIA, May 2, 2012 /PRNewswire/ -- 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."
FMC Environmental Solutions features three business units. The first, Air Pollution Control, serves the power utility and manufacturing industries. Its solutions focus on hydrogen peroxide for the removal of oxides of nitrogen (NOx) from air or flue gas; and the removal of acid gases and the use of trona and sodium bicarbonate in dry sorbent injection through FMC's joint venture, Natronx.
The Soil and Groundwater Remediation business unit develops and markets unique, fast-acting chemistries for remediation of normal and halogenated organics and metals. Its solutions treat the full spectrum of source, plume and groundwater issues. With its product portfolio of unique "in situ" technologies for soil and ground water, it is the global leader in chemical remediation technologies used underground.
Water Treatment, the division's third business unit, integrates FMC's chemistries from its Peroxygens business that offer municipal wastewater facilities a more environmentally benign alternative to traditional chlorine technology. Its solutions will also focus on water treatment in the oil and gas exploration market offering chemistries that neutralize sulfur reducing bacteria.
The division will immediately integrate and leverage its core products, research and technical innovation, application knowledge, and global relationships across the air, soil and water markets. Longer term, FMC Environmental Solutions will increase the company's speed-to-market and access to resources in the United States and in rapidly developing economies worldwide.
"We are a unique kind of participant in the environmental space," said Amy O'Shea, division manager of FMC Environmental Solutions. "Our century-old reputation in responsible practices, combined with our extensive experience in helping clients around the world, gives us a deeper understanding of the key issues our customers face every day."
FMC identified the development of an environmental platform as a strategic growth opportunity for its Industrial Chemicals Group as part of the company's Vision 2015 strategy. The launch of FMC Environmental Solutions marks another milestone in achieving FMC's growth objectives, and builds on the company's long history in the industrial, manufacturing and energy sectors.
In September 2011, the company formed Natronx Technologies LLC, a joint venture with Church & Dwight Co., Inc., and TATA Chemicals (Soda Ash) Partners, to develop and market its air pollution solutions. The acquisition of the soil and ground water remediation products from Adventus Intellectual Property followed in November 2011.
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 5,000 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.
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.
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