FMC’s Specialty Products Business Announces Growth Plan
FMC Corporation announced the launch of strategic growth initiatives that will allow the company to develop and commercialize chemistries and open new markets through partnerships in the company’s Specialty Products Business (SPB), which is a part of FMC’s Agricultural Products Group. SPB markets insecticides, miticides and herbicides for use by pest management, tree, lawn care and golf course professionals. Company officials outlined the growth plan during the annual PestWorld ’04 convention and exposition sponsored by the National Pest Management Association.
The Specialty Products Business has already made significant progress in developing partnerships that will result in several imminent product launches:
- FMC has signed development and distribution agreements with Nippon Soda Co. (Nisso) for exclusive access to acetamiprid in the U.S. termite and indoor and structural general household pest segments, in both the professional and consumer markets. Acetamiprid, which belongs to the neonicotinoid family of insecticides, was discovered and is wholly owned by Nippon Soda Co. Ltd. Acetamiprid has demonstrated activity against an array of pests of economic importance to the pest control industry, including termites, ants and roaches. FMC is actively developing new product concepts for all of these segments, and registration and launch for these products in the pest control segment is anticipated for the first half of 2005.
- FMC will market a new insecticide, flonicamid, in nursery/landscape and greenhouse segments. The agreement with Ishihara Sangyo Kaisha (ISK) gives FMC exclusive rights to develop, market and distribute the insecticide in all the Americas except Argentina, Bolivia, Paraguay and Uruguay. Flonicamid represents a new class of chemistry with a new mode of action that is effective against economically important and disease-transmitting pests in the greenhouse and nursery markets. In the United States, registration has been obtained for the greenhouse market and is pending for nursery applications. The product will be marketed as Aria insecticide. Commercialization for this product is expected to begin in the first half of 2005.
- ISK has also granted FMC non-exclusive development and distribution rights to an ISK fungicide for use in some specialty markets in the United States. Additional details regarding this molecule, which will be FMC’s first fungicide in specialty markets, will be forthcoming in the near future.
- In collaboration with Bayer CropScience, FMC has developed a number of new products that combine two market-leading active ingredients. This new product range will be co-marketed in the professional T&O segment commencing in the first quarter of 2005.
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