SOURCE: The Bedford Report

The Bedford Report

April 28, 2011 08:16 ET

Gulf Resources and Solutia Tighten Product Portfolios to Boost Profits

The Bedford Report Provides Analyst Research on Gulf Resources & Solutia

NEW YORK, NY--(Marketwire - Apr 28, 2011) - Companies in the Specialty Chemicals Industry provide a wide range of products for use in a variety of applications. After the recession battered many companies in the industry, several firms are focusing on reducing their product portfolio and improving their financials. The Bedford Report examines the outlook for companies in the Specialty Chemicals industry and provides research reports on Gulf Resources, Inc. (NASDAQ: GFRE) and Solutia, Inc. (NYSE: SOA). Access to the full company reports can be found at:

With demand and pricing improving for tires, Solutia recently announced that it has sold off some of its businesses to focus on their rubber chemical enterprise. Earlier this month the company said that it sold its "Santoweb" and "Vocol" businesses to Rhein Chemie, a wholly-owned subsidiary of LANXESS AG.

Greta Senn, president and general manager of Solutia's Technical Specialties division, says Solutia is focused on its "Flexsys" portfolio. Flexsys products assist in the control process of manufacturing rubber while improving its durability, flexibility and appearance.

The Bedford Report releases regular market updates on the Specialty Chemicals industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us free at and get exclusive access to our numerous analyst reports and industry newsletters.

Bromine prices are on the upswing this year. China is currently the world's third largest bromine producer after the United States and Israel. The production of bromine is presently over 150,000 metric tons/year in China, but bromine demand continues to outpace supply.

China's largest bromine producer, Gulf Resources, says it expects year-on-year profit growth of 24.8 percent to 28.7 percent as a result of surging bromine prices. Gulf Resources CEO Xiaobin Liu said that Gulf Resources reported bromine market prices of approximately $4,500 per tonne, and says he believes that the price of bromine is expected to stabilize at a high level, and could reach a historic high this year.

Last month Gulf Resources reported fiscal fourth quarter revenue of $37.1 million, a 26 percent year-on-year improvement. Revenue from the company's bromine and crude salt segment was $26.5 million, or 71.5 percent of total revenue.

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