Chemtura Corp is incorporated in Delaware. It is the successor to Crompton & Knowles Corporation, which was incorporated in Massachusetts in 1900. It manufactures and markets a number of polymer and specialty chemical products. Its businesses are grouped into five reporting segments: Polymer Additives, Performance Specialties, Consumer Products, Crop Protection and Other. Polymer additives are chemical additives designed to improve the performance of polymers in their end-use applications. Segment products include antioxidants, brominated performance products, flame retardants, fumigants, polymerization additives & intermediates, PVC additives and surfactants. Performance Specialties are engineered chemical solutions. Performance Specialties include petroleum additives that provide detergency, friction modification and corrosion protection in motor oils, greases, refrigeration and turbine lubricants; castable urethane prepolymers engineered to provide superior abrasion resistance and durability in many industrial and recreational applications and polyurethane dispersions and urethane prepolymers used in various types of coatings such as clear floor finishes, high-gloss paints and textiles treatments. Consumer Products are performance chemicals that are sold to consumers for in-home and outdoor use. Consumer Products include recreational water purification products sold under a number of branded labels through local dealers and retailers to assist consumers in the maintenance of their pools and spas and branded cleaners and degreasers sold mainly through mass merchants to consumers for home cleaning. Crop Protection business focuses on specific target markets in six product lines: seed treatments, fungicides, miticides, insecticides, growth regulators and herbicides. The Other segment consists of the Company's non-core businesses. In 2008, this category included industrial water additives and rubber chemicals. The majority of the Company's products are sold to industrial customers for use as additives, ingredients or intermediates that impart particular characteristics to the customer's end products. Its consumer products are sold through local dealers, retailers and mass merchants. Hydrocarbon-based and inorganic chemicals constitute the majority of the raw materials required to manufacture its products. These materials are generally available from a number of sources, some of which are foreign. It faces competition in many of its markets. Some of its existing competitors are larger than it is and might have more resources and access to capital markets for continued expansion or new product development than it does. Chemical companies are subject to environmental laws and regulations concerning, among other things, emissions to the air, discharges to land, surface, subsurface strata and water and the generation, handling, storage, transportation, treatment and disposal of waste and other materials. Its business, operations and facilities are being operated in compliance, in all material respects, with applicable environmental, health and safety laws & regulations.
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