FMC forms agrochem distribution JV in Argentina
The agricultural products group of chemicals firm FMC Corp. has entered into a joint venture to form a new Argentine agrochemical distribution company named Ruralco Soluciones SA.
FMC's partners in Ruralco are well-established agrochemical dealers previously associated with Argentine distributor Agropecuaria del Litoral, it said.
An FMC subsidiary will own 50% 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 of FMC’s agricultural products group.
Ruralco will be based in Rosario, Santa Fe province, Argentina, with plans to expand geographically within Argentina, the company said.
FMC will manage the financial operations of the joint venture.
FMC products will also continue to be sold through the company's current distributors in Argentina.
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