FMC Corporation was incorporated in 1928 under the laws of Delaware. It is a chemical company serving agricultural, consumer and industrial markets globally with original solutions, applications and products. The Company operates in three business segments: FMC Agricultural Solutions, FMC Health and Nutrition, and FMC Lithium. Effective February 2015, FMC Minerals segment has been renamed to FMC Lithium. FMC Agricultural Solutions segment develops, manufactures and sells a portfolio of crop protection, professional pest control and lawn and garden products. Its portfolio is comprised of three pesticide categories: insecticides, herbicides and fungicides. These products are used in agriculture to enhance crop yield and quality by controlling a spectrum of insects, weeds and disease, as well as in non-agricultural markets for pest control. The FMC Health and Nutrition segment focuses on food, pharmaceutical ingredients, nutraceuticals, personal care and similar markets. Its food ingredients provide texture, structure and physical stability ('TSPS') solutions to thicken and stabilize certain food products. The pharmaceutical additives are used for binding, encapsulation and disintegrant applications. It is a supplier of microcrystalline cellulose ('MCC'), carrageenan, alginates, natural colorants, pectin and omega-3, all naturally derived ingredients that have high value-added applications in the production of food, pharmaceutical, nutraceutical and other specialty consumer products. MCC, processed from specialty grades of renewable hardwood and softwood pulp, provides binding and disintegrant properties for dry tablets and capsules and has functionality that improves the texture and stability of many food products. FMC Lithium segment serves markets, from economically sensitive industrial sectors to technology-intensive specialty markets. The Company's lithium products are utilized in energy storage, specialty polymers and pharmaceutical synthesis. It extracts ores used in FMC Lithium's manufacturing processes from lithium brines in Argentina. The industry is dispersed geographically, with its sales in Europe, North America and Asia. Raw materials vary by business segment and include processed chemicals, seaweed, specialty wood pulps, mineral-related natural resources (lithium brines) and energy sources such as gas, coal, oil and electricity. The Company markets its products through its own sales organization and through alliance partners, independent distributors and sales representatives. The Company's customers are pharmaceutical firms. It competes with crop protection market for insecticides, herbicides and fungicides. Competitors include J. Rettenmaier & Sôhne GmbH, Ming Tai Chemical Co., Ltd., Asahi Kasei Corporation and Blanver Farmoquimica Ltda.