Chemtura AgroSolutions on track in Q2
Chemtura AgroSolutions expects earnings in the second quarter of 2013 to be comparable to those of the same period last year and "may yet exceed that benchmark", the company says. It recorded operating income of $23 million in the second quarter of 2012 (Agrow No 646, p 9). The late start to this year's growing season reduced agrochemical sales in April but sales gained "strong momentum" in May, Chemtura notes. The business recorded a 3.5% rise in sales to $88 million, with operating income up 30% to $13 million, in the first quarter of this year (Agrow No 663, p 7).