FMC Corporation Works Cooperatively With New York State on Mutually Agreed-Upon New Order on Consent for Middleport Area Remediation

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Jun 07, 2019, 16:22 ET

PHILADELPHIA, June 7, 2019 /PRNewswire/ --

FMC Corporation (NYSE: FMC) announced today that, as a follow up to an earlier-disclosed agreement in principle, it has entered into a new Order on Consent and Administrative Settlement with the New York State Department of Environmental Conservation (NYSDEC). This document is the framework for activities related to the remediation of on-site and off-site areas impacted by historical operations at the Company's site in Middleport, NY and to resolve other issues at the site. The Order on Consent was also approved by the United States Environmental Protection Agency.

The settlement is consistent with FMC's financial commitments previously reported in the Company's 2018 Form 10-K filing. Under the new Order, NYSDEC will continue to undertake environmental remedial work through the 2020 construction season, with FMC taking over the remediation work after 2020.

"FMC employees have lived and worked in the Middleport area community for decades," said Roberta Kloda, FMC Middleport plant manager. "All parties involved are working together with the same goal in mind – to continue protecting human health and the environment while maintaining safe operations at the facility."

About FMC Middleport

FMC's Middleport site formulates and packages a number of key product lines to protect over 100 crops in more than 75 countries worldwide. Plant operations in the Middleport area date back to 1904, with FMC acquiring operations at the facility in 1943. FMC continues to be a global leader in agricultural sciences, and the Middleport facility plays a key role in these endeavors. Safety is a core value at FMC which affects virtually everything we do as a company. Whether at work, at home, or on the road, FMC strives to keep safety in the forefront of our daily activities.

About FMC

FMC Corporation, an agricultural sciences company, provides innovative solutions to growers around the world with a robust product portfolio fueled by a market-driven discovery and development pipeline in crop protection, plant health, and professional pest and turf management. This powerful combination of advanced technologies includes leading insect control products based on Rynaxypyr^® and Cyazypyr^® active ingredients; Authority^®, Boral^®, Centium^®, Command^® and Gamit^® branded herbicides; Talstar^® and Hero^® branded insecticides; and flutriafol-based fungicides. The FMC portfolio also includes biologicals such as Quartzo^® and Presence^® bionematicides. FMC Corporation employs approximately 6,500 employees around the globe. To learn more, please visit www.fmc.com.

FMC, the FMC logo, Rynaxypyr, Cyazypyr, Authority, Boral, Centium, Command, Gamit, Talstar, Hero, Quartzo and Presence are trademarks of FMC Corporation or an affiliate. 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. Hero^® insecticide is a restricted use pesticide in the United States.

Statement under the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995: FMC and its representatives may from time to time make written or oral statements that are "forward-looking" and provide other than historical information, including statements contained in this press release, in FMC's other filings with the SEC, and in reports or letters to FMC stockholders.

In some cases, 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," "predicts," "forecasts," "estimates," "projects," "potential," "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 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 included within FMC's 2018 Form 10-K filed with the SEC. FMC cautions readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made.

SOURCE FMC Corporation