FMC is investing $50 million into its Newark agtech research facility - Technical.ly Delaware

Sciences

Jun. 25, 2019 4:23 pm

FMC is investing $50 million into its Newark agtech research facility

FMC plans to expand its Global Research and Development Headquarters over the next three years.

FMC's Stine Research Center in Newark.

(Courtesy photo)

FMC’s Global Research and Development Headquarters in Newark is about to get more state-of-the art, as the agricultural sciences company plans to invest $50 million over three years into upgrading the space, including reconfiguration of a greenhouse and research facility.

FMC made its biggest transaction to date when it acquired the 515-acre Stine Research Center campus as part of its acquisition of a portion of DuPont’s crop protection business in 2017.  More than 500 jobs were retained in Delaware thanks to the transaction, and 19 new positions were created.

“We will invest nearly $2 billion in research and development through 2023 as a cornerstone of FMC’s long-term growth strategy,” said Mark Douglas, president and chief operating officer, in a press statement.  “FMC employees at the Stine Research Center will lead much of this critical discovery and development work to serve our global business and customers.  We’re pleased to partner with the State of Delaware to further our investment in the area.”

On top of FMC’s own investment, contingent upon meeting employment benchmarks, the Council for Development Finance (CDF) approved a grant for $1,642,500 from the Delaware Strategic Fund, including $142,500 for a performance grant and $1.5 million for a capital expenditure grant.

-30-
JOIN THE COMMUNITY, BECOME A MEMBER
Already a member? Sign in here
Connect with companies from the Technical.ly community
New call-to-action

Advertisement

Wilmington’s first vertical farm clears a final hurdle

This triple collab is innovating summer job training for Delaware teens

The Mill’s Nemours Building expansion gets Downtown Development District funding

SPONSORED

Delaware

Hear from the privacy pros at Security by the Schuylkill

Delaware

neoeyed

7+ Years Data Scientist for next-generation authentication

Apply Now
Wilmington

Addressable

Director of Sales

Apply Now
Wilmington

CBI Group

Project Manager

Apply Now

Homeownership program aims to keep college grads in Delaware

QR codes may be too much work for consumers, UD study finds

On DuPont’s rebirth day, biotech leaders answer the question ‘Why Delaware?’

SPONSORED

Delaware

Learn to lead digital transformation at Phorum 2019

Delaware

netCore Solutions

SaaS Account Executive – Email Marketing

Apply Now
Malvern, PA

Vanguard

Senior Front End Engineer – CX Journey Lab

Apply Now
Baltimore, MD 21201

14 West

Senior Software Engineer (Java + Apache Spark)

Apply Now

Sign-up for daily news updates from Technical.ly Delaware

Do NOT follow this link or you will be banned from the site!