FMC forms joint venture agrochemical distribution in Argentine

FMC forms joint venture for agrochemical distribution in Argentine

2:49 PM, 29th July 2011
FMC forms joint venture for agrochemical distribution in Argentine

 

PHILADELPHIA, US: FMC Corporation’s Agricultural Products Group has formed a joint venture to form a new Argentine agrochemical distribution company named Ruralco Soluciones SA. An FMC subsidiary will own 50 per cent of the joint venture company, which recently commenced commercial operations.

“Ruralco fits well with our Vision 2015 strategy to expand our reach in rapidly developing economies and will allow FMC to accelerate its growth and market access in Argentina’s $1.7 billion crop protection market, the second largest in Latin America,” said Milton Steele, President, Agricultural Products Group, FMC.

Ruralco will be based in Rosario, Santa Fe province, Argentina, with plans to expand geographically within Argentina. FMC will manage the financial operations of the joint venture.

© WOC News

 

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