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FMC History

History

From a continuous spray pump in California's orchards in the 1880s to some of the world's most sophisticated technology and equipment for the oilfield service, FMC Technologies and its predecessor companies have a long history of technical innovation. FMC Technologies traces its roots to 1884 when inventor John Bean developed a new type of spray pump to combat San Jose scale in California's orchards. When neighbors clamored for the device, Bean Spray Pump Company was born.

At first, the company made agricultural equipment, but mergers in the late 1920s with makers of food processing equipment and cannery machinery for vegetables, created a larger company requiring a new name - Food Machinery Corporation.

By the mid-1930s, FMC was the world's largest manufacturer of machinery and equipment for handling fruits, vegetables, milk, fish and meat products. And as World War II began, FMC entered the defense business, making amphibious tractors and tanks for the military.

In the post-war boom, FMC introduced continuous freezers, providing for assembly-line production of pre-packaged frozen foods and made strides in sterilization of canned foods. The boom also prompted acquisitions in chemicals and petroleum equipment.

In 1961 the diverse, global company changed its name to FMC Corporation, and in 1966 sales topped $1 billion. By the early 1970s, FMC had 42,000 employees and a new Chicago headquarters. Throughout the 1980s, 1990s and into the 21st century, the company pursued new businesses. In 2000, FMC announced a plan to restructure into two companies - one a machinery business (FMC Technologies); the other a chemicals business (FMC Corporation). FMC Technologies, Inc. became a newly listed public company on the New York Stock Exchange in June 2001, with an initial public offering of approximately 17 percent of its stock.

In 2008, FMC Technologies spun off its FoodTech and Airport businesses into a new, independent, publically-traded company called JBT Corporation.

1880s

 
  • John Bean invents a continuous spray pump to battle scale in his almond orchards. Neighboring growers clamor for the innovative device and a new business is born.
1970s
  • Corporate FMC trademark is created and launched.
1980s
  • FMC makes initial investments in subsea wellhead and completion systems product lines marking the beginnings of FMC Energy Systems. 
2000
  • FMC announces plans to restructure the company into two separate, publicly traded companies - a machinery business (FMC Technologies) and a chemicals business (FMC Corporation).
2001
  • FMC Technologies, Inc. begins trading on the New York Stock Exchange on June 14 under the Ticker Symbol FTI and becomes a separate, independent company December 31. 
2002
  • Developed world’s first major High Pressure/High Temperature vertical subsea tree system for BP's Thunder Horse field.
2004
  • Achieved world water depth record of 7,570 feet with the installation of subsea trees for Shell on the Coulomb project (Gulf of Mexico).
2007
  • Set new deepwater completion record of 8,995 feet for the Independence Hub project in the Gulf of Mexico.
2008
  • FoodTech and Airport Systems businesses spun-off into a separate publically-traded company called JBT on July 31.
2009
  • Awarded contract by Anadarko Petroleum for the oil and gas industry's first 20,000 psi subsea wellhead system.
2010
  • Entry into Russia’s offshore basin with receipt of Gazprom’s Kirinskoye project, the first subsea development for the country.
2011
  • Set new world deepwater completion record of 9,627 feet in GoM, part of the Perdido Development located in the Gulf of Mexico.

To see the complete FMC Technologies history timeline click here .