FMC
Specialty chemical
company.
Headquarters:
1735 Market St.
Philadelphia, PA 19103
Employees: 5,000
CEO: William Walter
Stock Symbol: FMC
Website:
http://www.fmc.com
Career Site
FMC Corporation is a diversified chemical company serving agricultural,
industrial and consumer markets. The company operates in three
business segments: Agricultural Products, Specialty Chemicals
and Industrial Chemicals.
In the Agricultural Products Group,
FMC Agricultural Products (also known as the Crop Solutions
business) provides crop protection and pest control products
for worldwide markets. The Pest Solutions business serves the
structural pest control, turf and ornamental, and home and garden
markets.
FMC Industrial Chemicals' specializes
in harnessing natural resources and processing these resources
safely and cost effectively. FMC Alkali Chemicals is the world's
largest producer of natural soda ash and the market leader in
North America. FMC claims the lowest-delivered cost for FMC Hydrogen
Peroxide because of efficient process technology and a broader
network of plants. FMC Active Oxidants is the world's leading
supplier of persulfate products and a major producer of peracetic
acid and other specialty oxidants. Based in Barcelona, Spain
FMC Foret is a major chemical producer supplying customers throughout
Europe, the Middle East, and Africa with diverse, innovative
chemistry.
The Specialty Chemicals business
consists of FMC BioPolymer, which is the world's leading producer
of alginate, carrageenan and microcrystalline cellulose. NovaMatrix
produces ultrapure biopolymers for medical uses. FMC Lithium
is one of the world's leading producers of lithium-based products.
In 2007, FMC reported revenues of $2.63
billion and net income of $132.4 million.
History
FMC was born in 1883 when founder John
Bean created an innovative insecticide spray pump to combat scale,
an infestation that was ravaging California's orchards and endangering
the livelihood of growers.
1884 -
Bean patents his high-pressure continuous action spray pump and
sets up shop behind his house.
1888 -
Bean's son-in-law David Crummey becomes the first president of
the Bean Spray Pump Company.
1901 -
At the age of 82, John Bean creates the Magic Pump, a vertical
pump that yields a higher pressure than any other pump on the
market.
1904 -
On May 20, the Bean Spray Pump Company is incorporated.
1928 -
Stock for the newly renamed John Bean Manufacturing Company is
introduced on the San Francisco Exchange on Sept. 14. On Oct.
1, the acquisitions of Anderson-Barngrover Co. and Sprague-Sells
(canning machinery) make the Bean Company the world's largest
food machinery manufacturer. A contest is held for a new company
name; the winning entry is Food Machinery Corporation.
2000 -
FMC announces plans to restructure the company into two separate,
publicly traded companies - a machinery business (FMC Technologies)
and a chemicals business (FMC Corporation).
2001 -
FMC Technologies, Inc. begins trading on the New York Stock Exchange
- Ticker Symbol: FTI - on June 14. FMC Corporation completes
spin-off of FMC Technologies, Inc.
Benefits
Flexible benefits options include:
· Medical Care
· Dental Care
· Health Care Flexible Spending Accounts
· Dependent Care Flexible Spending Accounts
· Long-term Disability
· Employee Life & Accidental Death and Dismemberment
· Spouse Life
· Child Life
· Legal Services
401(k) Plan
Employees are eligible to participate in this plan on the first
day of the month following
their employment date.
FMC sponsors a 401(k) Plan for
employees which is administered by Fidelity Investments.
Through automatic payroll deductions, you can contribute between
2% and 50% of eligible
earnings on a pre-tax and/or after-tax basis.
Catch-up contributions may also be made by
employees age 50 and over. Contributions under the Plan are subject
to statutory limitations.
Basic Contributions - The first 5% of your contributions
are matched in cash and will be
allocated according to your investment elections. FMC will match
$.80 on the dollar for the
first 2 to 5 percent (maximum match is 4 percent; .80 x 5%) of
deferred earnings for eligible
employees. FMC's matching contributions are subject to a vesting
schedule that provides for
partial vesting after 2 years, increasing to full vesting after
five years of FMC service.
Supplemental Contributions - you can make additional contributions
referred to as
supplemental contributions of up to 45% of eligible earnings.
Supplemental contributions are
not matched.
Employees can also roll-over funds from other qualified plans
into the FMC 401(k) plan.
Generally distributions will be made from the plan only upon
termination of employment. However,
under certain circumstances distributions may be made while you
are employed. The plan also
provides for loans if certain conditions are satisfied.
Enhanced Defined Contribution Plan Provisions for Employees
Hired on or after July 1, 2007
FMC will contribute 5% of eligible earnings (base pay, premium
pay and incentive pay) to the
Savings and Investment Plan for eligible employees. Employees
are encouraged, but not required to
contribute to the plan in order to receive the Company contribution.
Company contributions for
eligible employees will be made at year-end.
FMC has 11 paid holidays per year.
Paid Vacation
based on time of service.
1-5 years of service -- 2 weeks
5 10 years of service -- 3 weeks
10 20 years of service -- 4 weeks
20 or more years of service -- 5 weeks
Updated February 7, 2008
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