Chemtura sells Witcothane business.Chemtura Corporation Chemtura Corporation (NYSE: CEM) is a marketer of specialty chemicals, polymer products and processing equipment for a variety of industries. The company formed in 2005 from the merger of two other corporations -- Great Lakes Chemical Corporation of West Lafayette, Indiana, , Middlebury, CT, has announced the sale of its Witcothane[R] business to Elastogran. Included in the transaction are PESOL products and Chemtura's European polyester polyester, synthetic fiber, produced by the polymerization of the product formed when an alcohol and organic acid react. The outstanding characteristic of polyesters is their ability to resist wrinkling and to spring back into shape when creased. polyol Fomrez[R] product line. The Witcothane business supplies polyurethane polyurethane Any of a class of very versatile polymers that are made into flexible and rigid foams, fibres, elastomers (elastic polymers), surface coatings, and adhesives. systems for the footwear industry. Chemtura's global Adiprene[R] and Vibrathane[R] Urethanes business and the North American-based Fomrez[R] polyester polyol business are not included in the sale or impacted by it. The transaction has been approved by regulatory authorities Noun 1. regulatory authority - a governmental agency that regulates businesses in the public interest regulatory agency administrative body, administrative unit - a unit with administrative responsibilities . |
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