1735 Market St.
Philadelphia, PA 19103
CEO: Pierre Brondeau
Stock Symbol: FMC
FMC Corporation is a diversified chemical company serving agricultural,
industrial and consumer markets. The company operates in three
business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Minerals.
FMC Agricultural Solutions: This business group delivers value through focused product research, development and marketing of proprietary, branded crop protection products for key markets and crops, including cotton, soybeans, rice, sugar cane, cereals, fruits and vegetables.
FMC Health and Nutrition: FMC Health and Nutrition is a leader in functional ingredients for foods and dry-tablet medications. Customers rely on FMC for technical excellence and innovative solutions that enable them to quickly go to market.
FMC Minerals: FMC is one of the top global producers of soda ash, specialty alkali chemicals and lithium. We are the leader in low-cost proprietary process technology for soda ash that is used by the glass, chemical processing and detergent industries. The company is a key supplier of lithium for pharmaceuticals, energy storage and other markets.
In February 2015, Tronox Limited (TROX) announced it will acquire FMC's Alkali Chemicals business for $1.64 billion.
In 2014, FMC reported revenues of $4.0 billion, an increase of 4%, and net income of $322.1 million.
Pierre Brondeau, FMC president, CEO and chairman, said: "In 2014, the agriculture industry began experiencing a slowdown, particularly in Brazil. Given our leading position in Brazil, this significantly impacted our results. Looking forward to 2015, multiple factors suggest that the crop protection market globally will be, at best, flat to 2014. However, the benefits of Cheminova, especially a more balanced geographic exposure and the ability to realize cost and revenue synergy benefits, will allow FMC to grow segment earnings in Agricultural Solutions between 15 and 30 percent."
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.
Bean patents his high-pressure continuous action spray pump and
sets up shop behind his house.
Bean's son-in-law David Crummey becomes the first president of
the Bean Spray Pump Company.
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
On May 20, the Bean Spray Pump Company is incorporated.
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.
FMC announces plans to restructure the company into two separate,
publicly traded companies - a machinery business (FMC Technologies)
and a chemicals business (FMC Corporation).
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.
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
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
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.
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 17, 2015