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Chemtura suffers "difficult" year

Chemtura's crop protection business experienced its "most difficult year in recent memory" in 2006, according to the company's chairman, president and CEO, Robert Wood. While acquisitions boosted year-end revenues by 1.8% to $360.1 million, operating profit fell by 21.4% to $64.6 million. Chemtura blames the performance on the difficulties in collecting payments in Brazil and abnormally light mite infestations in the US state of California.



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