FMC Corporation Launches Major Reorganization and Manufacturing Restructuring
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FMC Corporation announced Project Foundation, a major reorganization and manufacturing restructuring plan approved by its Board. The initiative aims to optimize costs and operations, focusing on exiting high-cost plants and shifting production to lower-cost sources. Additional cost-reduction measures will occur in Asia, including selling FMC's India operations. The restructuring is expected to complete by 2027. Due to stock price decline, FMC anticipates a non-cash impairment charge related to goodwill and intangible assets, not affecting operational cash flows.
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