) announced that it has created a world class platform to cater
to the fast-growing biological crop protection market through two
FMC has formed an exclusive global strategic alliance with
bioscience company Chr. Hansen, to develop and commercialize
biological crop protection products. The company has also
acquired the Center for Agricultural and Environmental
Global Strategic Alliance
The global agriculture sector is facing a major productivity
challenge, and biological solutions will become the more
important way to address this challenge. Under the strategic
alliance, Chr. Hansen will provide scouting, screening, scale up
and fermentation manufacturing expertise while FMC will
complement the services with scouting, screening, formulation
capabilities, product development and registration experience,
and global market access.
The alliance between the two companies creates a powerful
platform and also enables them to participate in the
multi-billion dollar biological crop protection market. The
alliance accelerates Chr. Hansen's entry in the plant protection
market by combining its unique technology platform for bacterial
solutions along with FMC's strong route to market and application
know-how. The companies will develop new products, knowledge and
biological expertise and they remain confident of developing a
strong portfolio of biological crop protection solutions.
FMC and Chr. Hansen have already been working on some projects
and will collaboratively launch the Nemix C product for use in
sugarcane in late 2013 in Brazil. Nemix C is a biological product
and increases growth and yield through enhanced root development
Chr. Hansen develops natural ingredient solutions for the
food, nutritional, pharmaceutical and agricultural industries.
Both FMC and Chr. Hansen plan to expand into new markets with
existing and new products.
Acquisition of CAEB
The acquisition of CAEB will provide FMC with a proprietary
discovery and development platform through well equipped research
facilities. CAEB, a unit of North Carolina-based RTI
International, is a research effort with a comprehensive
discovery platform focused on endophytic microbes and their
CAEB possesses extensive intellectual properties as well as
proven capabilities of scouting and screening for new
technologies and has the capability to add value to growers. It
also has world-renowned team of researchers based in Research
Triangle Park, North Carolina.
CAEB provides solutions that are environmental friendly, in
order to help crop protection and increase farm yields. FMC, on
the other hand, is aligned with the grower's needs. The work
conducted at CAEB facility will feed directly into FMC's
strategic alliance with Chr. Hansen.
With these two transactions, FMC now have a powerful platform to
launch a range of new products.
FMC currently retains a short-term Zacks Rank #2 (Buy).
Other companies in the chemical industry with favorable Zacks
Air Products and Chemicals Inc.
). All of them carry a Zacks Rank #2 (Buy).
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