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Chemtura: Expansion of antioxidants and UV stabilisers

Chemtura (Middlebury, Connecticut / USA; www.chemtura.com) has outlined plans to expand its global production of antioxidants and UV stabilisers and also announced a buyer for its PVC additives business. The antioxidants and UV stabilisers expansion will support global growth, said Peter Smith, head of the company’s global antioxidant and UV stabiliser group.

In a separate announcement, Chemtura said it is selling its PVC additives business to Artek Arterian Holding for USD 16.2m. Artek Arterian is backed by Indian chemical company Artek Surfin Chemicals (Mumbai; www.artekchemicals.com) and New York investment firm Aterian Investment Partners Distressed Opportunities.

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