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Chemtura reportedly puts PVC additives business up for sale

August 19/2009

August 19/2009 -- U.S. specialty-chemicals maker Chemtura, which filed for Chapter 11 bankruptcy protection in March, has put its polyvinylchloride additives business up for sale, and other divisions may follow, ICIS News reported, citing a source in the financial community.


 
The division that includes PVC additives saw sales decline 42% year-over-year to $132 million in the second quarter. The segment posted an operating loss of $11 million, compared with a profit of $25 million in the second quarter of 2008. ICIS News (U.K.) (08/17)

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