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Global agrochemical giant FMC Corporation is stepping back from a big part of its India business.
What’s happening: the company has signed a $252 million deal to sell its India crop protection business to Crystal Crop Protection.
Last year, FMC had already hinted that it wanted to focus more on faster-growing global markets while changing the way it operates in India.
Why does this matter: FMC plans to use the money from the sale entirely to reduce debt.
For Crystal Crop, though, this is a big growth opportunity. The company will take over FMC India’s crop protection operations, important product licences, and even get access to FMC’s future pipeline of agrochemical products in India.
Big picture: India’s crop protection market has become increasingly tough for global players. Pricing pressure, cheaper generic products, and weaker demand have squeezed revenues and margins across the industry.
For FMC, this deal is not a surprise exit, but a strategic reset.
