FMC Corporation Announces Lithium Carbonate and Lithium Salts Price Increase
PHILADELPHIA, Nov. 4, 2014 /PRNewswire/ -- FMC Corporation (NYSE: FMC) announced today that effective December 1, 2014, or as contracts permit, it will increase global pricing for all grades of lithium carbonate and lithium salts including lithium hydroxide, pharmaceutical carbonate and specialty salts by 10 percent. The increases apply to all standard and non-standard pricing.
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"The increases are necessary to offset continued rising costs of raw materials and operational cost pressures at our Argentina facility. The increases are in addition to the lithium hydroxide increase announced in May 2014. These increases will help ensure continued investment in our operations and support the supply service expectations of our global customers," said Chris Senyk, global marketing director, FMC Lithium.
About FMC
FMC Corporation is a diversified chemical company serving agricultural, industrial, environmental, and consumer markets globally for more than a century with innovative solutions, applications and quality products. In 2013, FMC had annual sales of approximately $3.9 billion. The company employs approximately 6,000 people throughout the world, and operates its businesses in three segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Minerals. For more information, visit www.FMC.com.
FMC Corporation's Lithium business serves markets including battery and energy, greases and lubricants, air treatment, construction, energy, fine chemicals, glass and ceramics, pool-water treatment and polymers. Information is available at fmclithium.com. The company may be contacted by phone at 888/LITHIUM or 704/426-5300, by fax at 704/426-5370, or by email at [email protected].
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 2013 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.
SOURCE FMC Corporation
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