Chemtura: Expansion of Antioxidants and UV Stabilizer Business
Chemtura Corporation, Philadelphia, USA, has entered into a number of new agreements through its worldwide subsidiaries to increase its capacity of antioxidants and UV stabilizers in order to position itself for worldwide growth and to more effectively serve its global customers. The actions support Chemtura’s overall objective of utilizing its proprietary technology to expand its presence in the growing global markets. These actions build upon the earlier announcements of the company’s geographical expansion in the Middle East. As part of this growth initiative, Chemtura plans to build on its existing alkylated phenol capacity, the key raw material in the manufacture of antioxidants, with the addition of new capacity and a new range of specialty alkylated phenols to be produced at its Catenoy site in France. The company plans to produce its new Weston(R) 705 product at multiple sites around the world. In the first commercial development phase, total annual capacity will adequately supply the needs of the marketplace. Complimenting the new liquid antioxidants and to support its growth in "Powder-Free Solutions" using its proprietary NDB(R) technology, Chemtura has entered into a definitive agreement to cooperate with Everspring Corporation of Taiwan to develop and manufacture a range of phenolic antioxidants. Chemtura is expanding its own capacity of Alkanox(R) 240 phosphite antioxidants with additional capacity in Asia and the Middle East.
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