This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

FMC Corporation Forms Joint Venture With BCEER And BRISEA Group To Market Environmental Technologies In China









PHILADELPHIA, Sept. 5, 2012 /PRNewswire/ -- FMC Corporation (NYSE: FMC), BCEG Environmental Remediation Co., Ltd. ( BCEER), and BRISEA Group, Inc., have signed a definitive agreement to form a joint venture to manufacture and market cost-effective, environmentally friendly products for soil and groundwater remediation in China. 

(Logo: http://photos.prnewswire.com/prnh/20111101/NE97440LOGO)

By combining BCEER's leading position in China's remediation market and BRISEA's global reputation for environmental technology transfer, the new joint venture is poised to introduce a number of cost-effective technologies from FMC's Environmental Solutions Division.  The joint venture, named Beijing Enviro-Chem (Beijing Enviro-Chem Industry and Commerce Co., Ltd.), will also provide research and development, laboratory feasibility testing, remedial design and technical support services.

"We are pleased to join forces with these well-respected market leaders to address the urgent environmental challenges in China with innovative and cost-effective solutions," said Amy O'Shea, FMC Environmental Solutions Division manager.  "This agreement provides a strong platform for future growth as new regulations for soil and groundwater begin to take shape in this important market." 

The joint venture will market FMC's broad product portfolio of unique in situ chemical oxidation technologies, in situ chemical reduction technologies, and other leading environmental remediation solutions.   FMC's environmental portfolio of soil and groundwater remediation technologies have been used across six continents to remediate hydrocarbons, halogenated organics, organic explosive compounds, pesticides and heavy metals.  Beijing Enviro-Chem is expected to immediately sell products that will be used on several key projects in China.

"This is a clear case of investing ahead of the curve," said Gao Yanli, general manager of BCEG Environmental Remediation Co., Ltd. (BCEER). "Beijing Enviro-Chem brings together the right partners with the right knowledge and relationships at the right time.  We're delighted to work collaboratively with FMC Environmental Solutions and BRISEA, bringing new technologies to the forefront and helping to advance China's commitment to environmental remediation." 

"We're so pleased to see our vision come to fruition," said Yuhong Jiang, president of BRISEA Group, Inc.  "Our goal is to introduce urgently needed technologies and products to China to tackle its environmental challenges.  We expect to see Beijing Environ-Chem become a key player in China's fast-growing remediation market."

The joint venture will be led by a global team of experienced executives from the joint venture partners.  It is expected to receive approval from the Chinese government by late 2012.  Terms of the transaction were not disclosed.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,880.36 -31.75 -0.19%
S&P 500 1,970.07 +0.12 0.01%
NASDAQ 4,462.9020 +20.2040 0.45%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs