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July 31, 2013 02:00 AM

Sales fall for Chemtura's polyurethane business

Urethanes Technology International
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    PHILADELPHIA—Chemtura Corp., which makes castable-polyurethanes, polyurethane pre-polymer and polyurethane dispersions, saw sales in its polyurethanes business segment fall by 4 percent to $72 million in the second quarter of 2013 compared to the same quarter in 2012, according to filing with the SEC.

    Sales at $144 million in the first half of 2013 were close to the $148 million level in the first half of 2012.

    Chemtura does not split out profitability of the polyurethanes segment but includes it with the other part of the Industrial Performance Products division: Petroleum Additives.

    Petroleum Additives recorded sales of $182 million in the second quarter of 2013 up from $160 million in the same quarter of 2012. Profitability of the industrial performance products division was $60 million in the first half of 2013 compared with $54 million in the first half of 2012. Sales in the petroleum additives division were up $41 million at $351 million in the first half of 2013 compared with $310 million in the first half of 2012, according to documents filed with the SEC.

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