Chemtura Announces Supply Agreement for Thioester Antioxidants
PHILADELPHIA--([ BUSINESS WIRE ])--Chemtura Corporation (NYSE: CHMT) has signed a long-term supply agreement with Tianjin Lisheng Chemical Co. Ltd. of PR China for production of Chemturaa™s NAUGARD® DSTDP, NAUGARD® DLTDP and NAUGARD® DTDTDP thioester antioxidants. Under the agreement, Lisheng exclusively supplies Chemtura with thioester antioxidants in all regions outside of Northeast Asia.
"We are delighted that Chemtura brings a worldwide sales and logistics network to our alliance, together with outstanding technical and regulatory expertise"
aTianjin Lisheng Chemical Co. has proven expertise in the manufacture of high-quality thioester antioxidants and can support future growth through its new, backward-integrated production facility,a said Peter Smith, president and general manager, Chemtura Antioxidants & UV Stabilizer business, a leading global supplier of antioxidants, intermediates and inhibitors, polymer modifiers and UV stabilizer solutions.
aWe are delighted that Chemtura brings a worldwide sales and logistics network to our alliance, together with outstanding technical and regulatory expertise,a said Shanzhao Wan, president, Tianjin Lisheng Chemical Co., a major manufacturer of antioxidants and chief factory of the Chinese National Association Team of Antioxidants Producers.
Antioxidants & UV Stabilizers
Chemturaa™s Antioxidants & UV Stabilizers business offers the widest range of performance-based polymer additives in the industry as well as exceptional cost-performance solutions and outstanding service locally through integrated plants and supply chains. Chemtura customers benefit from the companya™s proprietary, Non Dust Blend (ANOX® NDB® stabilizer blend) technology, which allows thioesters to be synergistically blended with other additives and extruded into compact pellets using a patented process unique to Chemtura.
Chemtura Corporation
Chemtura Corporation, with 2010 sales of $2.8 billion, is a global manufacturer and marketer of specialty chemicals, agrochemicals and pool, spa and home care products. Additional information concerning Chemtura is available at [ www.chemtura.com ].