FMC Canada and Novonesis announce a commercial agreement to
bring innovative biological solutions to Canadian farmers
PHILADELPHIA, March 12,
2024 /PRNewswire/ --
FMC Corporation (NYSE: FMC), a leading global agricultural
sciences company, announced a collaboration in Canada with Novonesis (formerly Novozymes
A/S), a leader in plant biosolutions. The agreement is part of
FMC's strategic plan to grow its biologicals platform in key
markets.
Beginning June 1, 2024, FMC Canada
will be the exclusive distributor of Novonesis' leading
biosolution products, including proven brands like
TagTeam®, Optimize®, JumpStart®,
BioniQ®, Cell-Tech®, and
Nitragin®, for the 2025 growing season. Additionally,
the companies will utilize their respective R&D capabilities to
collaborate on the development of novel biological technology for
Canadian farmers.
The partnership will leverage Novonesis' Plant Biosolutions
Manufacturing and Research site in Saskatoon, Canada, and FMC's deep market
knowledge and expertise in applying biologicals in an integrated
approach with synthetic crop protection chemistry and precision
agriculture technology.
"FMC is excited to collaborate with Novonesis to bring
Canadian growers effective biological products that complement our
biological and synthetic chemistry," said Dr. Bénédicte Flambard,
vice president, FMC Plant Health. "As we continue to invest in and
expand our biologicals portfolio, we are committed to aligning with
partners who enhance our ability to provide growers around the
world with science-backed biological solutions that help
sustainably manage crops, protect yields and combat
resistance."
FMC has launched approximately 40 biological products, including
Accudo® biostimulant, Provilar® biofungicide,
and Avodigen® seed treatment, in 24 countries over the
past five years and is one of the few companies with a fully global
presence. The company's geographic footprint, along with its core
portfolio, market access and complementary technologies, positions
FMC as a top-tier global provider of integrated solutions to help
growers sustainably feed the world.
"Novonesis and FMC share a similar goal of bringing
differentiated, sustainable solutions to Canadian farmers," said
Devron McLeod, country manager, FMC
Canada. "Aligning our technologies and systems to bring new
inoculant and biocontrol products to the market will benefit
Canadian farmers. This collaboration provides more significant
opportunities to bring innovative products to market faster."
"FMC has a strong presence in Canada with consistent growth, a complementary
portfolio, and an organization with proven success in launching
innovations that deliver value to Canadian farmers," said
Jason Ward, Novonesis Plant
Biosolutions commercial lead for North
America. "This expanded relationship between the two
companies demonstrates our shared commitment to providing growers
with products they can use to improve yield by increasing nutrient
availability and enhancing the plant's natural processes."
The collaboration demonstrates a shared commitment to providing
growers with new biological solutions designed to safeguard crop
yields while protecting biodiversity and natural resources. FMC's
robust pipeline of differentiated biologicals, combined with
investments in biologicals and adjacent technologies, enables the
continued expansion of its award-winning portfolio. To learn more
about Biologicals by FMC, visit fmc.com/biologicals.
Terms of the commercial agreement were not disclosed.
About FMC
FMC Corporation is a global agricultural sciences company
dedicated to helping growers produce food, feed, fiber and fuel for
an expanding world population while adapting to a changing
environment. FMC's innovative crop protection solutions – including
biologicals, crop nutrition, digital and precision agriculture –
enable growers, crop advisers and turf and pest management
professionals to address their toughest challenges economically
while protecting the environment. With approximately 6,600
employees at more than 100 sites worldwide, FMC is committed to
discovering new herbicide, insecticide and fungicide active
ingredients, product formulations and pioneering technologies that
are consistently better for the planet. Visit fmc.com to
learn more and follow us on LinkedIn®.
About Novonesis
Novonesis is a global company leading the era of biosolutions.
By leveraging the power of microbiology with science, we transform
the way the world produces, consumes, and lives. In more than 30
industries, our biosolutions are already creating value for
millions of consumers and benefitting the planet. Our 10,000 people
worldwide work closely with our partners and customers to transform
business with biology.
Learn more on www.novonesis.com
FMC, the FMC logo, Accudo, Provilar and Avodigen are trademarks
of FMC Corporation or an affiliate. TagTeam, Optimize, JumpStart,
BioniQ, Cell-Tech and Nitragin are trademarks of Novozymes
A/S.
Always read and follow all label directions, restrictions and
precautions for use. Products listed here may not be registered for
sale or use in all states, countries or jurisdictions.
Statement under the Safe Harbor Provisions of the Private
Securities Litigation Reform Act of 1995: This release
contains statements that are "forward-looking" and provide
other than historical information. FMC has identified
forward-looking statements by such words or phrases as "will likely
result," "is confident that," "expect," "expects," "should,"
"could," "may," "will continue to," "believe," "believes,"
"anticipates," "targets" "intends" or similar expressions
identifying "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995, including the
negative of those words and phrases. Such forward-looking
statements, which are based on management's current views and
assumptions regarding future events, future business conditions and
the outlook for the company based on currently available
information. These statements involve known and unknown risks,
uncertainties and other factors that may cause actual results to be
materially different from any results, levels of activity,
performance or achievements expressed or implied by any
forward-looking statement. These factors include, among other
things, the risk factors and other cautionary statements included
within FMC's 2023 Form 10-K filed with the SEC as well as other SEC
filings and public communications. FMC cautions readers not to
place undue reliance on any such forward-looking statements, which
speak only as of the date made. Forward-looking statements are
qualified in their entirety by the above cautionary statement. FMC
undertakes no obligation, and specifically disclaims any duty, to
update or revise any forward-looking statements to reflect events
or circumstances arising after the date on which they were made,
except as otherwise required by law.
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SOURCE FMC Corporation