March 10, 2014 – Mayor Michael A. Nutter and Deputy Mayor of Economic Development Alan Greenberger issued the following statement on FMC Corporation’s announcement to separate into two publicly traded companies: “New FMC” and “FMC Minerals”.
“I would like to congratulate FMC and Pierre Brondeau, FMC Corporation President, CEO and Chairman, on today’s exciting announcement which means more growth for Philadelphia,” said Mayor Nutter. “The City worked very closely with FMC in developing its plans for expansion, and through that process we have developed an excellent relationship with the company and its leadership. With today’s announcement, Philadelphia will have two corporate headquarters at the new FMC Tower at Cira Centre South.”
In September 2013, FMC Corporation announced that it was moving its headquarters to a new $341 million, 575,000 square-foot commercial and residential tower, the FMC Tower, which will be located on the northeast corner of 30th and Walnut Streets.
Deputy Mayor Greenberger echoed the Mayor’s sentiments adding, “FMC’s announcement that they will locate the headquarters of both of the new companies in Philadelphia is a strong signal to the marketplace that this city is the place to be for ambitious, growing, dynamic corporations. It’s also an indicator of Philadelphia’s growing attractiveness in the chemical and energy sectors, evidenced by FMC’s earlier decision to grow in Philadelphia and Axalta Coating System’s decision last year to locate its global headquarters in our city. Today’s announcement is good news for job-seekers in our city and region.”
FMC Corporation’s announcement is just the latest in a series of jobs and development announcements in recent weeks as Philadelphia continues to grow and bounce back from the effects of the recession. In February, the Church of Jesus Christ of the Latter-Day Saints unveiled plans for a new development project at 1601 Vine Street, and the Nutter Administration announced that the Peebles Corporation has been selected to develop an $85 million Kimpton Hotel in the old Family Court building at 1801 Vine Street. In January, an Australian energy efficiency firm, Ecosave, Inc., announced that it had chosen the Philadelphia Navy Yard as the location for its U.S. headquarters, and Comcast announced that it will create 1,500 new jobs in Philadelphia by creating the $1.2 billion Comcast Innovation and Technology Center.