FMC Corp Expands Biologicals Crop Protection Platform in Canada
Portfolio Pulse from Benzinga Newsdesk
FMC Corporation has entered into a collaboration with Novonesis to expand its biologicals crop protection platform in Canada. Starting June 1, 2024, FMC Canada will become the exclusive distributor of Novonesis' biosolution products for the 2025 growing season. This partnership also includes joint R&D efforts to develop new biological technology for Canadian farmers.
March 12, 2024 | 11:46 am
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FMC Corporation's partnership with Novonesis to distribute biosolution products in Canada could enhance its market position and revenue in the agricultural sector.
The exclusive distribution agreement with Novonesis positions FMC Corporation to capitalize on the growing demand for biological crop protection solutions in Canada. This strategic move is likely to enhance FMC's market presence and could lead to increased revenue from the agricultural sector, positively impacting its stock price in the short term.
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