30 April 2013 22:22 [Source: ICIS news]
HOUSTON (ICIS)--FMC Corporation may divest its Peroxygens business, including select product lines and assets in its environmental solutions division, the US-based specialty chemical producer announced on Tuesday.
The operations under evaluation for divestment are expected to generate $350m (€266m) in revenue for 2013, CEO Pierre Brondeau said in a press release announcing the company’s Q1 2013 earnings.
The possible divestiture is part of FMC’s Vision 2015 strategic plan, which seeks to align the company on three core platforms – agriculture, health and nutrition, and minerals, Brondeau said.
“This portfolio evolution increases our focus on strategic businesses and markets where we lead today, and where we expect to grow in the future,” the CEO said.
FMC produces agricultural products and specialty and industrial chemicals.
($1 = €0.76)
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