FMC to invest $88 million in new herbicide plant.CHICAGO--(BUSINESS WIRE)--Nov. 2, 1994--FMC Corp. Wednesday announced that its board of directors has approved a capital expenditure of $88 million to build a manufacturing facility to produce a new family of herbicides developed by its Agricultural Chemical Group. FMC See fixed mobile convergence. Chairman and Chief Executive Officer Robert N. Burt said: ``This investment is the next step in our anticipated market introduction of a new family of herbicides, with unique chemistry designed to provide farmers worldwide with safe, effective and more convenient ways to control troublesome weeds 1. weeds - Refers to development projects or algorithms that have no possible relevance or practical application. Comes from "off in the weeds". Used in phrases like "lexical analysis for microcode is serious weeds." 2. .'' The new facility will be built at FMC's existing Baltimore Baltimore, city (1990 pop. 736,014), N central Md., surrounded by but politically independent of Baltimore co., on the Patapsco River estuary, an arm of Chesapeake Bay; inc. 1745. site, and construction is expected to be completed by mid-1996. The new plant will employ up to 50 people once the plant is at full capacity. The first new herbicide herbicide (hr`bəsīd'), chemical compound that kills plants or inhibits their normal growth. A herbicide in a particular formulation and application can be described as selective or nonselective. to be manufactured at the plant will be sulfentrazone, a new pre-emergent broad-leaved herbicide for the control of weeds in soybeans and sugarcane. Sulfentrazone controls many economically important weeds, including morningglory and nutsedge. FMC submitted the registration package for sulfentrazone to the U.S. Environmental Protection Agency Environmental Protection Agency (EPA), independent agency of the U.S. government, with headquarters in Washington, D.C. It was established in 1970 to reduce and control air and water pollution, noise pollution, and radiation and to ensure the safe handling and this past August and expects registration in time for the 1997 soybean soybean, soya bean, or soy pea, leguminous plant (Glycine max, G. soja, or Soja max) of the family Leguminosae (pulse family), native to tropical and warm temperate regions of Asia, where it has been planting season. FMC Corp. is one of the world's leading producers of chemicals and machinery for industry, government and agriculture. The Chicago-based company reported annual sales of $3.8 billion in 1993, with international sales to more than 100 countries accounting for 45 percent of total annual revenues. FMC employs 21,000 people at 99 manufacturing facilities and mines in 21 countries. The company divides its businesses into five major segments: Industrial Chemicals, Performance Chemicals, Precious Metals Precious Metals Valuable metals such as gold, iridium, palladium, platinum, and silver. Notes: Investing in precious metals can be done either by purchasing the physical asset, or by purchasing futures contracts for the particular metal. , Defense Systems, and Machinery and Equipment. CONTACT: FMC Corp., Chicago
Pat Brozowski, 312/861-6104 or
Lisa Azzarello, 312/861-6921
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