Chemtura Corporation
NYSE:CEM ISIN:US1638931006
Chemtura Corporation (Chemtura) is a global producer of specialty chemicals and polymer products and supplier of home pool and spa chemicals. The products are used in a variety of markets, including automotive, transportation, construction, packaging, agriculture, lubricants, plastics for durable and non-durable goods, electronics and the home pool and spa chemical markets. The segments of the Company include Polymer Additives, Performance Specialties, Consumer Products, Crop Protection, and Other. On January 31, 2008, the Company completed the sale of its fluorine chemical business located at the Company's El Dorado, Arkansas facility. On February 29, 2008, the Company purchased the remaining 46.5% outstanding shares of Baxenden Chemicals Limited (Baxden). The Company completed the sale of its oleochemicals business on February 29, 2008. On March 12, 2008, the Company purchased the remaining 50% outstanding shares of GLCC Laurel, LLC.
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Asian markets ended sharply lower Friday, weighed down by the weakness in the US and European markets. Japan's Nikkei Stock Average fell 1.9% as investors were still not comfortable with the recent falls of Japanese yen, but the slumping Korean won hurt shares in Seoul with the Kospi plummeted 3.7%. Shanghai and Hong Kong stocks gained about 1.5%. Today the Chinese shares opened slightly weaker while the Hong Kong shares were up 1.8 percent.
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