Profile: Chemtura Corp (CHMT.N)
Chemtura Corporation, incorporated on May 27, 1999, is a developer, manufacturer and marketer of engineered industrial specialty chemicals. The Company's products are sold to industrial manufacturing customers for use as additives, ingredients or intermediates that add value to their end products. The Company operates through two segments: Industrial Performance Products and Industrial Engineered Products. Its Industrial Performance Products segment is a manufacturer and marketer of lubricant additive components, synthetic lubricant base-stocks, synthetic finished fluids, calcium sulfonate specialty greases and phosphate and polyester-based fluids, and is also engaged in the development and production of hot cast elastomer pre-polymers. Its Industrial Engineered Products segment is a developer and manufacturer of bromine and bromine-based products and organometallic compounds. The Company operates in a range of end-use industries, including automotive, building and construction, electronics, lubricants, packaging and transportation. It operates in North America, Europe and Asia, Asia/Pacific and Latin America.
Industrial Performance Products
The Industrial Performance Products segment develops, manufactures and markets specialty performance chemicals, formulations and polymers. Industrial Performance Products include synthetic base-stocks and petroleum additives that enable engine and machine protection through friction reduction, thermal and oxidative stabilization, detergency, corrosion inhibition and wear protection in transportation and industrial lubricating fluids and greases; specialty synthetic finished lubricants and greases for aviation, marine, refrigeration, power generation and general industrial applications; thermoset and thermoplastic urethane polymers engineered to provide performance properties in a range of industrial and recreational applications, and polyester polyols for cast polyurethane pre-polymers, flexible polyurethane foams and water-based polyurethane dispersions used in various types of coatings, such as wood floor finishes, glass fiber coatings and textile treatments.
The Company is a manufacturer and marketer of base-stocks, additive components, finished synthetic lubricants and specialty greases. The Company's specialty synthetic lubricant base-stocks, including SYNTON polyalphaolefins, REOLUBE phosphate esters, and a portfolio of HATCOL esters, are used in automotive, aviation, refrigeration, hydraulic systems and various industrial applications. In addition, REOLUBE phosphate esters provide fire-resistant capability that allows the operation of equipment under high-risk situations, such as in nuclear power plants. It offers specialty additive components, such as NAUGALUBE alkylated diphenylamine antioxidants. Its oil-soluble HYBASE and LOBASE calcium sulfonate surfactants enable lubricants to keep car, truck and ship engines clean with minimal wear by providing detergency and corrosion protection properties. Additionally, it markets a specially developed overbased magnesium sulfonate detergent to prevent corrosion in turbines, which burn heavy fuels for electrical power generation. Its ANDEROL and ROYCO branded specialty and synthetic finished lubricants come with original equipment manufacturer approvals for the aerospace and defense, and industrial markets. It also offers ROYCO lubricants. It manufactures and sells calcium sulfonate specialty greases and phosphate ester-based fluids for extreme temperature applications. In addition to its branded lubricants, it also manufactures private label finished lubricants.
The Company is a supplier of a range of low-free monomer and conventional cast urethane pre-polymers, thermoplastic polyurethanes, custom curatives and urethane chemicals serving a range of industries. Cast polyurethane products are produced from its ADIPRENE and VIBRATHANE urethane pre-polymers, which offers durability, abrasion resistance, cut resistance, high temperature resistance and chemical resistance for performance-oriented applications. Its ULTRALAST thermoplastic polyurethane (TPU) polymers can be used in a range of applications in the oil and gas, mining, construction and sports equipment industries. Its urethane chemicals business consists of over two product lines. FOMREZ polyester polyols serve as raw material for the Company's pre-polymer line of products and are also utilized in industrial applications, such as flexible foam for seating. WITCOBOND polyurethane dispersions serve a diverse customer base and are primarily utilized for glass fiber sizing, wood floor coatings and ballistics protection applications.
Industrial Engineered Products
The Company is engaged in manufacturing and selling of engineered specialty chemicals utilized in the plastics, agriculture, fine chemicals, oil and gas, building and construction, insulation, electronics, mercury control, solar energy, pharmaceutical and automotive industries. The Company's products include catalyst components, surface treatments, flame retardants and a bromine-based product line used as agricultural and pharmaceutical intermediates, completion fluids for oil and gas extraction and mercury control products for coal fired power stations. These products are sold across the value chain ranging from direct sales to monomer producers, polymer manufacturers, compounders and fabricators, fine chemical and pharmaceutical manufacturers, photovoltaic panel and light-emitting diode (LED) producers, oilfield service and electricity generation companies to industry distributors.
The Company's Great Lakes Solutions is a manufacturer and marketer of bromine, bromine intermediates, and flame retardant products and solutions. The Company's flame retardant products are used in applications, such as electronic components, electrical enclosures and building products, including insulation and furniture foam, and automotive, while bromine and bromine intermediates are used in the manufacturing of a range of industrial, consumer products and energy producing industries. Its products include the Emerald Innovation Series, Firemaster bromine-based flame retardants; Kronitex, Reofos phosphorus-based flame retardants; Fyrebloc flame retardants; Fireshield LSFR, Ongard, Oncor, Pyrobloc, Smokebloc, Thermoguard/Timonox/Trutint antimony-based flame retardants/synergists, and PetCat antimony-based catalysts. Great Lakes Solutions is a manufacturer of bromine and bromine intermediates, which are utilized in various industries, including agrochemicals, pharmaceuticals, fine chemicals, butyl rubber, polymers and biocides. Great Lakes Solutions' brine fluids are used in oil exploration and development, which are used in the preparation of well equipment for production, including insertion of liners, screens, packers and other equipment.
The Company's Organometallics are a group of metals containing organic chemicals. Organometallics are catalyst components used to initiate the polymerization reactions that transform monomers into polymers and cure certain paints. They are also used as precursors in glass coatings, chemical vapor deposition agents in the production of semiconductors, LEDs and photovoltaic panels, as well as reagents used in the production of pharmaceutical intermediates.
MIDDLEBURY CT 06749
Company Web Links
- Germany's Lanxess to buy U.S. chemical firm Chemtura for $2.7 billion
- UPDATE 3-Germany's Lanxess to buy U.S chemical firm Chemtura for $2.7 bln
- BRIEF-Lanxess signs contract to acquire Chemtura
- Lanxess to buy Chemtura for $33.50 per share in cash
- BRIEF-Chemtura Q2 non-GAAP earnings per share $0.40 from cont ops