Chemtura to double its share of sales from Asia

Chemtura Corp. aims to double its share of sales from Asia by 2015, Craig Rogerson, chairman and CEO, said. Asia accounted for 14% of Chemtura’s sales in 2009. “By 2015, want to grow that to one-third of sales on a much bigger base or revenues,” Rogerson says. At least a third of capital expenditures over the next few years will be in Asia, particularly China. he adds. The company plans to expand existing sites and develop greenfield production sites. It is also seeking acquisitions and joint ventures. (September 17, 2010)