O n T h e G l o b a l S t a g e S O D A A S H R I S I N G Global demand growth for  FMC’s natural soda ash has  proven to be very steady. New  markets are also emerging  for air pollution applications  using trona. And we plan to  extend our global reach. While  Latin America and Asia are our  largest export markets today,  there are rising opportunities  in other rapidly developing  economies that we intend to  open to U.S. exports as we  move forward. industrial commodities, which  can be highly cyclical and  less consistent in earnings  performance.  We are the world’s largest  natural soda ash producer.  Soda ash is a core ingredient  in the production of many  detergents and glass, including  structural glass, containers,  bottles and solar panels.  It is also used in emerging  applications for pollution  control at power plants and  other industrial facilities. One factor is access to natural  raw material: trona ore. There  are few commercially viable  deposits of trona around the  globe, creating a competitive  barrier to entering this market.  Our operations in Wyoming sit  on the world’s largest and most  attractive reserve, the primary  factor in our low-cost position.  Our market standing is further  strengthened by the scale  of our operations and the  proprietary process technology  we employ. For example, we  have been innovators in using  longwall mining of trona, as well  as secondary solution mining. We expect this business to  continue delivering strong  earnings growth and superior  returns. Revenues will grow to  $800 million by 2015 as we  retain our global leadership role.  FMC holds a low-cost position,  due in part to an efficient  distribution system from our  Green River, Wyoming, mine.  Although a global oversupply  of soda ash is likely to persist  for some time, we expect  to operate at full production  capacity through 2015  because of our differentiated  position as a low-cost supplier.  In fact, given the projected  strength in export demand,  in 2011 we will restart our  Granger solution-mining  operation that has been  temporarily offline since 2009. Soda ash will continue to  produce sustained returns  well in excess of reinvestment  economics throughout our  Vision 2015 period. Because  it delivers steady growth,  strong profitability and superior  returns on capital, soda ash  is a very attractive component  of our Industrial Chemicals  business. A number of factors  differentiate it from typical  14 FMC Corporation | 2010 Annual Report