Chemtura Enters Manufacturing Agreement With Baerlocher For PVC Stabilizers

Middlebury, CN - Chemtura Corporation announced recently that the company has entered into an agreement with Baerlocher for the manufacture of certain heat stabilizers used in PVC.

In addition, Chemtura is selling its organic-based stabilizers (OBS) product line for rigid PVC applications to Baerlocher.

"Chemtura has developed a valuable intellectual property estate in OBS but has been unable to fully leverage the technology in rigid PVC," said Anne Noonan, group president for Chemtura Polymer Additives. "Chemtura will, however, continue its efforts in further development of OBS technology, particularly for flexible PVC applications where we have greater capabilities.

"This represents another step in the strategic restructuring of our non-flame-retardant Polymer Additives businesses," Noonan said. "In the last year, we have restructured our antioxidants business by moving manufacturing from high-cost facilities in Europe to lower-cost facilities in Asia and the Middle East. We also have divested our organic peroxides and oleo chemicals businesses in order to focus on businesses we are better positioned to grow. The agreement with Baerlocher continues this trend and establishes a sustainable platform for Chemtura to develop its PVC business."

SOURCE: Chemtura Corporation