Business & Finance
Mon, May 21, 2012
PHILADELPHIA--([ BUSINESS WIRE ])--Chemtura Corporation (NYSE:CHMT) today announced that it has formed a long-term strategic agreement with Katoen Natie Group (KTN) to further strengthen Chemturaas proprietary Non-Dust Blend (Anox NDB) position in the marketplace. This will combine Chemturaas proprietary technology with Katoen Natieas centralized distribution location and world-class service. This project is part of Chemturaas antioxidant and UV stabilizer growth strategy, focused on becoming an even better and more competitive supplier.
aWe are excited to offer our proprietary Anox NDB stabilizer blends tailored to meet our customersa requirements. Chemtura is unique in its breadth of product offering and global manufacturing capabilities. We are committed to expanding our capacity and technical capabilities for improved cost performance and insuring that our materials and processes meet with todayas global regulatory requirements,a said Peter Smith, president and general manager of Chemturaas Antioxidant and UV Stabilizers business.
In a parallel move, Chemtura is combining its Anox NDB technology center with its global technical application center located in Trafford Park, Manchester, United Kingdom, to further strengthen Chemturaas ability to offer unique blending services that include feasibility studies, analytical evaluation of improved properties, and actual application performance data.
Chemtura Corporation, with 2011 sales of $3 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 ].
Katoen Natie is a privately held company incorporated in 1854. Based in Antwerp, Belgium, it is well known in the polyolefin industry for its strength in logistics compounding technology and customer service. Today, Katoen Natie has 9,300 employees and operates nearly 51 million square feet (4.8 million square meters) of warehouse and manufacturing space worldwide. Katoen Natie is ISO certified.
