Chemtura signs LOI with Tosoh to manufacture and sell Emerald Innovation 1000 Products in Japan.
M2 EQUITYBITES-May 26, 2015-Chemtura signs LOI with Tosoh to manufacture and sell Emerald Innovation 1000 Products in Japan
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Specialist chemicals company Chemtura Corporation (NYSE:CHMT) (Euronext:CHMT.NX) disclosed on Monday the execution of a letter of intent (LOI) establishing the framework for a long-term relationship for brominated flame retardant products and technologies in Japan with Tosoh Corporation.
As part of the LOI, Tosoh would have the exclusive right to promote and sell Chemtura's Emerald Innovation 1000 flame retardant products to Japanese customers.
Under the LOI, Tosoh would be granted a license to manufacture Emerald Innovation 1000 products for sale to Japanese customers.
Tosoh will bring its proprietary production technologies to support the quality-conscious Japanese market with fire safety in the electronics, construction and transportation markets. Emerald Innovation 1000 products are designed to replace decabromodiphenylether and decabromodiphenylethane in various end-use markets.
Completion of the arrangements in the letter of intent is subject to satisfaction of each party's corporate requirements, including execution of customary definitive agreements between the parties.
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|Publication:||M2 EquityBites (EQB)|
|Date:||May 26, 2015|
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