14.10.2005 19:43:00
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Chemtura to Raise Elemental Bromine Pricing
Anne Noonan, Vice President & General Manager of Flame Retardantsand Brominated Performance Products, stated, "Increased elementalbromine demand continues and the need to recover investment inproduction facilities and infrastructure is critical. Bromine andbromine derivatives require on-going advocacy and enhanced productstewardship. We believe this increase is required to sustain theseefforts."
Chemtura Corporation, with pro forma 2004 sales of $3.7 billion,is a global manufacturer and marketer of specialty chemicals, cropprotection and pool, spa and home care products. Headquartered inMiddlebury, Conn., the company has 7,300 employees around the world.Additional information concerning Chemtura is available atwww.chemtura.com.
CONTACT:Chemtura Corporation
Investors: Bill Kuser, 203-573-2213 or
Media: Mary Ann Dunnell, 203-573-3034
Forward-Looking Statement
Certain statements made in this release are forward-lookingstatements that involve risks and uncertainties, including, but notlimited to, general economic conditions; the outcome and timing ofantitrust investigations and related civil lawsuits to which Chemturais subject; the ability to obtain increases in selling-prices; pensionand other post-retirement benefit plan assumptions; energy and rawmaterial prices and availability; production capacity; changes ininterest rates and foreign currency exchange rates; changes intechnology, market demand and customer requirements; the enactment ofmore stringent environmental laws and regulations; the ability torealize expected cost savings under Chemtura's cost-reductioninitiatives; the amount of any additional earn-out payments fromGeneral Electric Company from the sale of the OrganoSiliconesbusiness; the ability to reduce Chemtura's debt levels; the ability tosuccessfully integrate the Crompton and Great Lakes businesses andoperations and achieve anticipated benefits from the merger, includingcosts savings and synergies; and other risks and uncertaintiesdetailed in filings with the Securities and Exchange Commission byChemtura or its predecessor companies. These statements are based onChemtura's estimates and assumptions and on currently availableinformation. The forward-looking statements include informationconcerning our possible or assumed future results of operations, andChemtura's actual results may differ significantly from the resultsdiscussed. Forward-looking information is intended to reflect opinionsas of the date this release was issued and such information will notnecessarily be updated by Chemtura.
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