FMC Corporation Announces Plan to Realign Alginates Manufacturing Operations
The realignment plan follows a thorough assessment of FMC BioPolymer’s combined alginate business and is consistent with the company’s strategy to be a strong, reliable and globally competitive supplier of hydrocolloid ingredients to customers in the food, pharmaceutical and personal care industries.
“This plan aligns our alginate manufacturing with core FMC strengths in process technology, raw material access and blending,” said
Under the proposed plan, FMC expects to complete production and blending realignment by the end of 2009. This includes the shutdown of blending at FMC’s Slippen,
FMC Corporation is a diversified chemical company serving agricultural, industrial and consumer markets globally for more than a century with innovative solutions, applications and quality products. The company employs approximately 5,000 people throughout the world and operates its businesses in three segments: Agricultural Products, Specialty Chemicals and Industrial Chemicals.
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 2007 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.
SOURCE FMC Corporation