Chemtura to build new plant in Nantong, China

Chemtura Corporation, a U.S.-based specialty chemicals company, announced the construction of a new multi-purpose manufacturing facility in Nantong, China. The facility is expected to initially serve its petroleum additives and urethanes businesses, and is expected to provide sufficient additional capacity for other Chemtura businesses. Craig Rogerson, chairman, president and CEO, said, “This project lays the groundwork for growth through investment in the world’s most rapidly expanding market. It will enhance our ability to satisfy customer demand in China and the wider Asia-Pacific region.” The Petroleum Additives business requires local manufacturing and storage capabilities for some of its product lines, including synthetic finished fluids (refrigeration lubricants, air compressor lubricants and gear oils) and calcium sulfonate grease. In addition to the planned development of local manufacturing capacity, Chemtura plans to build global scale with sales representation, technical development centers, joint ventures and bolt-on acquisitions. (June 6,2011)