GREENWICH, Conn. (Oct. 23)—Polymers supplier Crompton Corp. was $12.6 million in the black for the third quarter, but reported a mixed bag of results for its rubber and urethane activities. Third-quarter sales, adjusted for divested operations, rose 3 percent to $624.7 million, despite sales declines of about 12 percent in both EPDM and polymer processing equipment. EPDM sales declined mainly because of lower prices and reduced automotive market volume. Urethane polymers sales were up 8 percent on increased demand from domestic and European markets. Rubber additives sales rose 15 percent as Uniroyal Chemical partially regained lost market share, albeit at "substantially" lower prices, Crompton said. Urethane additives sales were down 3 percent primarily because of the loss of some low margin business. Comparative net earnings for the first nine months rose 75.3 percent to $44.7 million while year-to-date sales fell 4 percent to $1.96 billion.
Crompton sales up in quarter
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