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Chemtura does not plan to divest any of its seven businesses

December 01/2010

(ICIS) -- US specialty chemical firm Chemtura does not plan to divest any of its seven businesses in 2010 or 2011, but it will take a portfolio approach to running them as separate entities, its chief executive said on Monday.


All seven businesses have winning strategies for profitable growth, and well be focused on executing those strategies through 2011, said Chemtura's chairman, president and CEO Craig Rogerson.


Growth strategies include bolt-on acquisitions, joint ventures and select capacity additions, noted Rogerson.


Chemtura emerged from US Chapter 11 bankruptcy protection on 10 November, largely intact from when it entered in March 2009. The only asset it sold in bankruptcy was its polyvinyl chloride (PVC) additives business for $16.2m (?12.2m) to India-based Artek Arterian Holdings a partnership between an Indian chemical company and a US private equity firm.


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