03/24/2010

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Chemtura: Net loss reduced to USD 89m in Q4

Chemtura (Middlebury, Connecticut / USA; www.chemtura.com) reduced its fourth quarter net loss thanks to a sharp fall in asset impairment charges, as well as lower raw material and energy costs.


The US specialty chemicals company, which is a major producer of polymer additives and flame retardants, reported a USD 89m loss for the quarter compared with a USD 690m loss a year earlier. Net sales dipped 5% to USD 656m, while the operating loss was trimmed to USD 30m from USD 726m.

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