PHILADELPHIA -- FMC Corporation has secured exclusive access to simeconazole, a proprietary triazole fungicide, from Sankyo Agro Co. Ltd.

Under an agreement with Sankyo Agro, FMC has acquired the rights to develop, register, market, and sell both stand-alone and combination products containing simeconazole globally, except for several countries in Asia and the Middle East. Subject to EPA approval and completion of the development program, first sales are expected in 2010-2011 timeframe.

"We expect access to this proprietary triazole fungicide to allow FMC to develop unique solutions to both existing and emerging customer needs," said Jim Collins, managing director of Agricultural Product Group's Innova Solutions(TM) team. "This agreement reinforces our customer driven innovation strategy that we began in 2005 and provides an additional technology on which to deliver a comprehensive range of novel products. The potential addition of a broad spectrum fungicide to the portfolio complements FMC's existing range of insecticides and herbicides."

Simeconazole was discovered and patented by Sankyo Agro and has been registered in several countries in Asia and the Middle East. Sankyo Agro actively markets the product in Japan and has secured registrations for use in rice, soybeans, pome and stone fruit, vegetables, strawberry, tea and turf.

FMC Corporation is a diversified chemical company serving agricultural, industrial and consumer markets globally for more than a century with innovative solutions, applications and quality products. The company employs over 5,000 people throughout the world. The company operates its businesses in three segments: Agricultural Products, Specialty Chemicals and Industrial Chemicals.

Sankyo Agro is a leading agrochemicals company in Japan contributing to agricultural production for more than 80 years through a number of proprietary products and innovative formulation technologies. Its proprietary compounds, such as a fungicide hymexazol and an insecticide/acaricide milbemectin, have been registered in and exported to more than 50 countries. All shares of Sankyo Agro are scheduled to be transferred from Sankyo Co., Ltd. to Mitsui Chemicals, Inc. on March 30, 2007.

SOURCE: FMC Corporation via PR Newswire.