Mixed results ahead for Chemtura
Chemtura’s crop protection sales fell by 3.3% to $88 million in the fourth quarter of 2008, according to unaudited figures released ahead of formal reporting on February 25th. Full-year sales rose by 11.9% to $394 million. Other parts of Chemtura’s business fared less well than the crop protection segment and the company is seeking to divest assets to maintain liquidity. “We continue to pursue multiple asset divestment alternatives with multiple players and are in the midst of diligence activities with potential buyers,” says Chemtura’s chairman, president and CEO, Craig Rogerson.