FMC Corp announces restructuring plans; shares rise

FMC

15/12/2025 11:57

** Shares of agrichemicals company FMC Corp FMC.N rise 1.3% to $14.10 premarket

** Co said late on Friday its board approved a restructuring plan, aimed at cutting costs, shutting down high-cost plants and shifting production to lower-cost locations

** FMC adds it is implementing initiatives in Asia to reflect the smaller scale of the region's business following the planned sale of its India operations

** FMC expects to save about $175 million or more by the end of 2027

** Expects to incur restructuring charges of between $560 million and $635 million over the life of the program

** Up to last close, stock down 71.3% YTD

 (Reporting by Pranav Mathur in Bengaluru)

 ((Pranav.Mathur@thomsonreuters.com;))