) has broken ground on its new state-of-the-art microcrystalline
cellulose (MCC) manufacturing plant in Thailand. The new facility
in Rayong is its third MCC manufacturing plant. The company has
already completed expansion at its BioPolymer MCC sites in Del.,
U.S., and Cork, Ireland.
FMC Corp. is investing over $100 million in the Rayong
facility which will supply its industry-leading MCC products to
fast-growing markets in Asia. The facility will help the company
address the increasing demand for innovative food and beverage
products in the continent. The Rayong facility is expected to
boost FMC Corp.'s worldwide MCC capacity for the food industry by
The Thailand facility will be fully integrated with MCC
production, blending, packaging and warehousing and will
initially produce colloidal MCC, a key ingredient in food and
beverages. The facility has been designed for future expansion
and manufacture of different products for both the food and
The Thailand facility will also incorporate FMC Corp.'s safety
and environmental protection standard. The plant is expected to
go on stream in late 2014.
FMC Corp. is a leading diversified chemical company that
serves agricultural, industrial, environmental and consumer
markets across the globe. It is a leading maker of Lithium-based
materials for primary and rechargeable batteries used in laptops,
cellular phones and electric cars.
FMC Corp., in Feb 2013, reported its fourth-quarter 2012
results. Its adjusted earnings of 81 cents per share matched the
Zacks Consensus Estimate. Reported profit jumped 31% year over
year on a strong performance of the company's core Agricultural
Products segment. Revenues climbed 10% year over year to $1
billion and beat the Zacks Consensus Estimate of $993
FMC Corp. currently retains a short-term Zacks Rank #3
Other companies in the chemical industry worth considering are
Akzo Nobel NV
LyondellBasell Industries NV
). All of them hold a Zacks Rank #2 (Buy).
AKZO NOBEL NV (AKZOY): Free Stock Analysis
AXIALL CORP (AXLL): Free Stock Analysis
FMC CORP (FMC): Free Stock Analysis Report
LYONDELLBASEL-A (LYB): Free Stock Analysis
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