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  • Written on 18.01.2011 - Industry
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Chemtura completes financial restructuring

Chemtura Corporation has successfully completed its financial restructuring and emerged from protection under Chapter 11 of the United States Bankruptcy Code.

The company has been under Chapter 11 bankruptcy protection since March 2009. "Today marks a new beginning for our company, and our employees, customers and suppliers," said Craig A. Rogerson, Chemtura's Chairman, President and Chief Executive Officer on 10 November 2010. "With the successful completion of our financial restructuring, we have significantly reduced our debt, improved our cost structure and resolved a considerable amount of environmental and other liabilities." Chemtura manufactures among others antioxidants, flame retardants, rubber chemicals, and PU systems and had sales of USD 2.3 billion in the year 2009.


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