FMC Corporation to Establish New European Headquarters and R&D Center in Denmark
PHILADELPHIA, July 30, 2015 /PRNewswire/ -- FMC Corporation (NYSE: FMC) today announced that it will establish a European regional headquarters and research facility in Horsholm, a suburb of Copenhagen, Denmark. The new FMC European Innovation Center (EIC), expected to open in 2016, will serve as a central hub for research and development, regional corporate functions and regional commercial teams.
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"FMC has a larger presence in Europe today with our recent acquisition of Cheminova," said Pierre Brondeau, FMC president, CEO and chairman. "The European Innovation Center will enhance our ability to collaborate with customers and suppliers throughout the region, and ensure that we fulfill the growth potential of our newly combined company."
The new center will be located at the Scion DTU Science and Technology Park in Horsholm, approximately 25 kilometers north of Copenhagen. It will bring together employees who currently work at sites throughout Europe and the U.S., including employees in research, sales, marketing, regional management, finance, supply chain, human resources and related functions.
"Denmark is a well-known center for food and bioscience research with an exceptional workforce," said Brondeau. "It is a country known for its strong labor force and quality of living. We look forward to bringing these important technology and commercial jobs to Horsholm, while maintaining our manufacturing and associated support activities in Ronland, Denmark."
Steen Donner, CEO, Scion DTU, commented: "The science park Scion DTU is Denmark's largest biotech cluster and is home to companies like Chr. Hansen, Roche and ALK. We are proud that FMC Corporation has chosen to locate its regional headquarter here and we are delighted to welcome them to our innovative environment."
About FMC Corporation
FMC Corporation is a specialty company serving agricultural, industrial and consumer markets globally for more than a century with innovative solutions, applications and quality products. In 2014, FMC had annual sales of approximately $3.3 billion from continuing operations. FMC acquired Cheminova in April 2015, which had sales of DKK 6.8 billion in 2014. FMC employs approximately 7,000 people throughout the world and operates its businesses in three segments: FMC Agricultural Solutions, FMC Health and Nutrition and FMC Lithium. For more information, visit www.FMC.com.
About Scion DTU
Scion DTU is an international science park rooted in the university environment. We are the optimal place for innovative people and knowledge-intensive companies to realize high-tech ideas and make them marketable. We are an innovative environment that offers flexible facilities, access to relevant networks and services that makes it easier for the businesses to grow. Scion DTU collaborates with more than 200 companies within biotech, medico, cleantech and IT. www.sciondtu.dk
Safe Harbor Statement under the Private Securities Act of 1995: Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning specific factors described in FMC Corporation's 2014 Form 10-K and other SEC filings. Such information contained herein represents management's best judgment as of the date hereof based on information currently available. FMC Corporation does not intend to update this information and disclaims any legal obligation to the contrary. Historical information is not necessarily indicative of future performance.
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