SOURCE: Industrial Info Resources

March 05, 2009 06:30 ET

Reduced Polymers Demand Leads to Big Losses for Chemtura, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - March 5, 2009) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Chemtura (NYSE:CEM) (Middlebury, Connecticut), a producer of polymer products and specialty chemicals, recently reported that its fourth-quarter 2008 net sales declined 23% from $891 million in 4Q07 to $690 million. While some of the reduced sales were caused by Chemtura's divestures during 2008, the company's operating income for the quarter was a $27 million loss, compared with a $55 million profit in 4Q07.

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