The U.S. Environmental Protection Agency (EPA) has granted
) new multi-facet insecticide DoubleTake. Following the
registration from the EPA, DoubleTake is expected to get
additional crops and country registrations.
DoubleTake insecticide, part of Chemtura AgroSolution's product
line, protects a wide range of insect pests. It uses multiple
modes of action through both insect neurotoxic and insect growth
regulator effects to control several important insect pests that
are harmful on cotton, peanut and pepper crops.
DoubleTake is formed by combining the key performance strength of
diflubenzuron with another active ingredient holding a different
mode of action to extend the life cycle of the key proprietary
DoubleTake offers prolonged residual protection and controls all
stages of insect life, from eggs to adults. It specially targets
two fast-emerging pests - the brown marmorated stink bug and the
kudzu bug. The brown marmorated stink bugs affect soybean crops
in the U.S. Mid-Atlantic, Northeast and Eastern regions and the
kudzu bugs affect soybean crops in the U.S. Mid-Atlantic,
Southeast and Mid-South regions.
DoubleTake insecticide's field trials have shown yield
enhancement benefits in peanuts and soybeans crops and it has
also improved the health of the plants.
Chemtura AgroSolutions is a famous provider of fungicides,
herbicides, insecticides, miticides, plant growth regulators and
seed treatment products for a broad-spectrum of crops. It also
provides proprietary formulations, ever-expanding label
extensions and field-ready technical expertise and services that
deliver high-quality, efficacious products to improve quality and
yield in specialty markets.
Chemtura, which belongs to the specialty chemicals industry along
Minerals Technologies Inc.
Sensient Technologies Corp
), came out with its second-quarter 2013 results on Jul 30. The
company reported net income from continuing operations of $47
million or 47 cents a share compared with a profit of $53 million
or 53 cents a share a year ago. Adjusted earnings from continuing
operation of 40 cents per share beat the Zacks Consensus Estimate
of 37 cents.
Revenues went down roughly 1% year over year to $735 million
in the quarter and were in line with the Zacks Consensus
Estimate. Lower selling prices and unfavorable foreign currency
translation affected revenues in the quarter.
Chemtura expects its Industrial Performance Products, Consumer
Products and Chemtura AgroSolutions segments to continue their
improved performance trends into the second half of 2013.
Chemtura further expects demand for insulation foam and
electronics applications to improve in 2013.
Chemtura currently carries a Zacks Rank #3 (Hold).
), with a Zacks Rank #1 (Strong Buy), is a good investment option
in the specialty chemical industry.
CHEMTURA CORP (CHMT): Free Stock Analysis
FERRO CORP (FOE): Free Stock Analysis Report
MINERAL TECH (MTX): Free Stock Analysis
SENSIENT TECH (SXT): Free Stock Analysis
To read this article on Zacks.com click here.