PHILADELPHIA, Oct. 14, 2015 (GLOBE NEWSWIRE) -- Chemtura Corporation (NYSE:CHMT) (EURONEXT:CHMT) today announced its exit from the manufacture and sale of Hexabromocyclododecane (HBCD)-based flame retardant products.
Increasing regulatory restrictions on the use of HBCD-based flame retardants and the commercial development of a viable and “greener” alternative, Chemtura’s Emerald Innovation™ 3000 flame retardant, have resulted in an unsustainable commercial environment for HBCD. Chemtura will permanently discontinue production of HBCD-based flame retardants during, or prior to, the fourth quarter of 2015. Sales of HBCD will continue until inventories are depleted.
Current HBCD customers should contact their Chemtura sales representative with any questions.
Chemtura Corporation, with 2014 sales of $2.2 billion, is a global manufacturer and marketer of specialty chemicals. Additional information concerning Chemtura is available at www.chemtura.com.
Contact : Timothy Gagne 203 573 3327 Timothy.Gagne@Chemtura.com