PHILADELPHIA—Chemtura's polyurethane sales dropped during the second quarter of 2015 partly because of unfavorable changes in product mix within the business, according to the company's latest financial report.
Its reported net polyurethane sales of about $72 million compared to $76 million in 2014. It's sales for the first quarter were reported at $73 million.
The company's polyurethanes sales were reported separately, rather than as part of its industrial performance products segment as previously.
Chemtura CEO Craig Rogerson said its industrial performance products segment suffered overall from unfavorable foreign currency translation.
He also stated that revenue was down slightly despite higher volumes because of lower selling prices as a result of reductions in raw material costs we passed along where required by contractual or other arrangements.