Markets

Chemtura (CHMT) to Hike Prices of Bromine-Based Products - Analyst Blog

A close up of a screen.
Credit: Shutterstock photo

Chemtura CorporationCHMT has announced that it will hike prices for new orders of some of its bromine-based flame retardants and brominated performance products by up to 90 cents per kilogram in all regions. This rise in prices will be effective as and when contracts permit. Some of the bromine-based products involved in the price rise are tetrabromobisphenol A, tribromophenol, alkyl bromides, HBr 48%, among others.

This increase in prices is pursuant to Chemtura's previously announced price rise for bromine in the Asia Pacific region. Moreover, according to Vimal Sharma, general manager of Chemtura's Great Lakes Solutions business, the price hike is required to support the sustained investments in capital intensive business, global product stewardship and advocacy efforts by the company.

Further, with rising supply chain pressures in the industry, Chemtura is planning to ensure its commitment toward satisfying contracts and demands from both its long-term and short-term customers.

In fourth-quarter 2014, Chemtura recorded net sales of $467 million and net earnings from continuing operations of $703 million, or $8.44 per share.

Chemtura remains focused on expanding in faster growing economies and markets to capture new product opportunities while establishing appropriate value-based pricing levels for its products. The company is emphasizing on managing costs and improving operating efficiency.

Chemtura currently carries a Zacks Rank #3 (Hold).

Better-ranked companies in the specialty chemicals sector include KMG Chemicals Inc. KMG , OM Group Inc. OMG and BioAmber Inc. BIOA . While KMG Chemicals and OM Group sport a Zacks Rank #1 (Strong Buy), BioAmber carries a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

CHEMTURA CORP (CHMT): Free Stock Analysis Report

KMG CHEMICALS (KMG): Free Stock Analysis Report

OM GROUP INC (OMG): Free Stock Analysis Report

BIOAMBER INC (BIOA): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Stocks

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More