Chairman's - FMC Corporation
Chairman's - FMC Corporation
Chairman's - FMC Corporation
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SEGMENT REVENUE AND OPERATING EARNINGS Outlook<br />
1500<br />
1200<br />
900<br />
600<br />
300<br />
0<br />
since inception of the strategy three years<br />
ago, specialty applications have grown<br />
to account for more than 40 percent of<br />
Peroxygens’ sales. We continue to invest<br />
in promising growth initiatives in specialty<br />
peroxygens and expect further success in<br />
2010. Persulfate growth initiatives are focused<br />
on the continued globalization of our branded<br />
Klozur ® persulfate for environmental soil<br />
remediation and oil feld product portfolio<br />
expansion. Peracetic acid (PAA) sales to the<br />
food safety industry are expected to grow<br />
in excess of 40 percent in 2010 as <strong>FMC</strong>’s<br />
Spectrum ® As we enter 2010, we are experiencing<br />
increased demand across our businesses,<br />
1,296.9<br />
a continuation of the sequential demand<br />
recovery that we experienced in the second<br />
1,087.1<br />
1,026.7<br />
Segment<br />
Revenue<br />
half of last year. Volume gains are particularly<br />
evident in the export market for soda ash<br />
and in our North American peroxygens<br />
business — in both hydrogen peroxide<br />
92.5<br />
201.4<br />
89.7<br />
Operating<br />
Earnings<br />
and in specialty peroxygens serving<br />
environmental, food and aseptic packaging<br />
applications. In addition, we are benefting<br />
2007 2008<br />
2009<br />
from actions taken in 2009 to realign our<br />
operating assets and lower raw material<br />
and energy costs. We expect earnings<br />
to improve by 5 to 15 percent in 2010 as<br />
compared to the prior year, as lower selling<br />
Foret to Beneft From Lower Costs prices are more than offset by improved<br />
Foret will be the biggest benefciary of<br />
volumes and lower raw material and<br />
reduced operating costs in 2010, particularly energy costs.<br />
for phosphate rock, caustic soda and energy.<br />
Foret participates in both phosphorus<br />
chemicals and hydrogen peroxide. Its<br />
phosphorus chemicals products are used in<br />
a range of applications including detergent,<br />
feed and industrial uses where demand<br />
growth in these applications tends to mirror<br />
GDP growth. Though volumes across its<br />
businesses are forecast to be relatively level<br />
to prior year, lower raw material and energy<br />
<strong>FMC</strong> Peroxygens Division has<br />
program captures additional share costs are expected to be the primary drivers<br />
developed a portfolio of specialty<br />
of the U.S. poultry market. Other developing of Foret’s overall improved proftability<br />
sanitizers and sterilants used with<br />
adjacent growth initiatives for PAA in<br />
packaging and waste water markets are also<br />
in 2010.<br />
the latest generation of aseptic<br />
flling equipment such as the GEA<br />
expected to deliver signifcant growth.<br />
Procomac SpA Ecospin. <strong>FMC</strong><br />
chemistry is used to protect food<br />
and beverages, such as orange juice,<br />
<strong>FMC</strong> Foret has jointly developed with the Institute of Chemical Technology (Valencia, Spain) and<br />
ceramic tile maker Ceracasa S.A. an exterior building tile that reduces nitrogen oxide concentration in the<br />
air. Adjacent to a busy Barcelona street, Ramón Artigas, <strong>FMC</strong> Foret business development subdirector<br />
(left) and Fran Raya, Ceracasa marketing and product director, hold a BIONICTILE<br />
for processing companies globally.<br />
® that uses <strong>FMC</strong><br />
OFFNOX ® technology to convert nitrogen oxide into nitrates. <strong>FMC</strong> is investigating OFFNOX uses for<br />
paints, cars and other applications to improve air quality.<br />
Dollars in Millions<br />
<strong>FMC</strong> <strong>Corporation</strong> | 2009 Annual Report | Industrial Chemicals 9