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FMC (NYSE: FMC) is a diversified chemical company serving agricultural, industrial and consumer markets globally with innovative solutions, applications and quality products.

Website: http://www.fmc.com/

Not to be confused with FMC Technologies (ticker FTI), a machinery manufacturer, which was spun off from FMC in 2001. That included the namesake Food Machinery Corporation operation.

Company Description

Lithium Corporation of America, the largest US producer of lithium, is a subsidiary.

Products include soda ash and hydrogen peroxide, and derivatives such as peracetic acid and sodium perborate. In 2014, FMC announced the sale of its peroxygen business to One Equity Partners, a global private investment arm of JP Morgan/Chase. The business will operate as PeroxyChem. It joins other One Equity chemical ventures including Columbian Chemicals, SudChemie, OCI, Chemlogics, Sonneborn and LBC Tank Terminals.

In 2014, FMC announced plans to spin off the lithium and soda ash businesses as a separate company leaving FMC as primarily an agricultural chemicals company. Later the plan was revised to include acquisition of Danish chemical company Cheminova, sell the soda ash business and keep lithium. In 2015, the soda ash business was sold to Tronox.

A contract clause with Argentina prevents change of control of the lithium business.

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