Philadelphia, Pennsylvania and
Research Triangle Park, North Carolina
December 18, 2006
FMC
Corporation (NYSE:FMC) and
BASF (NYSE: BF [ADR]) announce several new multi-year supply
agreements that will allow both companies to expand their crop
protection portfolios in several key crop segments.
The agreements will grant BASF
access within the U.S. to a proprietary insecticidal chemistry
owned by FMC – zeta-cypermethrin. FMC will gain access within
the U.S. to two active ingredients owned by BASF, pendimethalin
and imazethapyr.
BASF will begin marketing new
Respect™ insecticide in 2007 – based on zeta-cypermethrin – for
control of several economically significant insect pests in a
range of crops, including vegetables, corn, soybeans, cotton,
wheat, and alfalfa.
“This agreement allows us to
expand our portfolio of crop protection tools that help growers
boost the yields and quality of their crops,” says Andy Lee,
Director of U.S. Crop Operations with BASF. “Respect insecticide
will be a strong fit with our current portfolio because it can
be used as a stand-alone crop protection treatment or in
tank-mix combination with other products.”
Lee notes that it is part of the
BASF growth strategy and just one of the insecticide innovations
BASF plans to bring to growers in 2007.
FMC will be developing premix
products with pendimethalin and imazethapyr with its own
proprietary herbicide portfolio over the next two years for use
in soybeans, sunflowers and tobacco. “The premixes we will be
developing will provide growers with excellent herbicide
solutions to control tough weeds and grasses in those markets,”
says Aaron Locker, product marketing manager with FMC
Corporation.
“The announcement of this joint
agreement and the launch of new FMC premixes into the soybean,
sunflower and tobacco markets in the future is an important
component of the FMC strategy to recognize market needs and
respond quickly to bring needed technology to both growers and
retailers,” according to Locker. “This agreement is consistent
with the FMC innovative strategy of being the designer and
marketer of novel product solutions by developing premix options
to better meet our customers’ needs.”
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.
The company operates its businesses in three segments:
Agricultural Products, Specialty Chemicals and Industrial
Chemicals.
With sales of €3,298 million in
2005, BASF’s Agricultural Products division is a leader in crop
protection and a
strong partner to the farming industry providing
well-established and innovative fungicides, insecticides and
herbicides. Farmers use these products and services to improve
crop yields and crop quality. Other uses include
public health, structural/urban pest control, turf and
ornamental plants, vegetation management, and forestry. BASF
aims to turn knowledge rapidly into market success. The vision
of BASF’s Agricultural Products division is to be the world’s
leading innovator, optimizing agricultural production, improving
nutrition, and thus enhancing the quality of life for a growing
world population. Further information can be found on the web at
www.agro.basf.com.
BASF is the world’s leading
chemical company: The Chemical Company. Its portfolio ranges
from chemicals,
plastics, performance products, agricultural products and fine
chemicals to crude oil and natural gas. As a reliable
partner to virtually all industries, BASF’s intelligent system
solutions and high-value products help its customers to
be more successful. BASF develops new technologies and uses them
to open up additional market opportunities.
It combines economic success with environmental protection and
social responsibility, thus contributing to a better
future. BASF has over 95,000 employees and posted sales of more
than €42.7 billion (approximately $50.4 billion) in 2005.
Further information on BASF is available on the Internet at
www.basf.com.
Always read and follow label directions.
The FMC logo is a registered trademark of FMC Corporation.
Respect is a trademark of BASF Corporation. |