-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, McWBy/psLauFsB49/WjfcCwKmPcXJb+vyvVEsWkgybjzZEugP2flvjOYYOgzmW0V iA0I18TSdymt1ayiM2JLcw== 0001193125-03-061449.txt : 20031014 0001193125-03-061449.hdr.sgml : 20031013 20031014172351 ACCESSION NUMBER: 0001193125-03-061449 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20031009 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20031014 FILER: COMPANY DATA: COMPANY CONFORMED NAME: FMC CORP CENTRAL INDEX KEY: 0000037785 STANDARD INDUSTRIAL CLASSIFICATION: CHEMICALS & ALLIED PRODUCTS [2800] IRS NUMBER: 940479804 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02376 FILM NUMBER: 03940300 BUSINESS ADDRESS: STREET 1: 200 E RANDOLPH DR CITY: CHICAGO STATE: IL ZIP: 60601 BUSINESS PHONE: 3128616000 FORMER COMPANY: FORMER CONFORMED NAME: FOOD MACHINERY & CHEMICAL CORP DATE OF NAME CHANGE: 19670706 FORMER COMPANY: FORMER CONFORMED NAME: BEAN SPRAY PUMP CO DATE OF NAME CHANGE: 19670706 8-K 1 d8k.htm FMC CORPORATION FORM 8-K FMC Corporation Form 8-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported)

October 9, 2003

 


 

FMC CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware   1-2376   94-0479804

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

  (I.R.S. Employer Identification No.

 

1735 Market Street, Philadelphia, PA 19103

(Address of principal executive offices) (Zip Code)

 

(215) 299-6000

Registrant’s telephone number, including area code

 



Item 9.   Regulation FD Disclosure.

 

On October 9, 2003, FMC Corporation announced that Astaris, the company’s 50/50 joint venture with Solutia Inc., will proceed with a restructuring plan.

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

FMC CORPORATION
By   /s/    W. KIM FOSTER
 
   

W. Kim Foster

Senior Vice President and Chief Financial Officer

 

Date: October 14, 2003

 

EXHIBIT INDEX

 

Exhibit
Number


  

Description


99.1    Press release announcing the Astaris restructuring.

 

EX-99.1 3 dex991.htm PRESS RELEASE DATED OCTOBER 9, 2003 Press Release Dated October 9, 2003

EXHIBIT 99.1

 

         INVESTOR

Immediate

   MEDIA:   RELATIONS:
     Jeff Jacoby   Eric Norris
     (215) 299-5896   (215) 299-6538

 

Astaris Joint Venture To Proceed With Restructuring

 

PHILADELPHIA, October 9, 2003 — FMC Corporation (NYSE: FMC) said today that the Board of Managers of Astaris LLC, the company’s 50/50 joint venture with Solutia Inc, has approved a restructuring plan that will significantly improve Astaris’ financial performance.

 

The restructuring, which will begin immediately, will reduce fixed costs through facility and selective product rationalizations and result in a strengthening of the venture’s position in food and technical phosphates. Once fully implemented, these actions should result in annual cost savings in the range of $40 to $50 million and a substantial boost in overall industry capacity utilization.

 

The restructuring is expected be completed over the next nine months and will include four facility closures and the consolidation of operations into the remaining three Astaris sites. Among the facility closures will be several former FMC facilities including the Bedford Park, Illinois distribution facility and the Green River, Wyoming STPP plant; other FMC Green River plants will continue operations. As a result of the Green River STPP closure, the Conda, Idaho purified phosphoric acid (PPA) plant, which has been solely dedicated to supplying Green River’s raw material requirements, will also be shut down.


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Page2/Astaris Joint Venture To Proceed With Restructuring

 

FMC said that it expects total charges for the Astaris restructuring to be in the range of $40 to $45 million after-tax, the majority of which will be taken in the third quarter of 2003. The company will provide further details during its third quarter conference call at 11AM EST on October 30, 2003.

 

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 approximately 5,500 people throughout the world. The company divides its businesses into three segments: Agricultural Products, Specialty Chemicals and Industrial Chemicals.

 

Safe Harbor Statement under the Private Securities Act of 1995: Statements in this news release that are forward-looking statements are subject to various risks and uncertainties concerning specific factors described in FMC Corporation’s 2002 Form 10-K and other SEC filings. Such information contained herein represents management’s best judgment as of the date hereof based on information currently available. FMC Corporation does not intend to update this information and disclaims any legal obligation to the contrary. Historical information is not necessarily indicative of future performance.

 

End of Filing

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