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Chemtura Inks Deal with Tosoh for Emerald Innovation 1000 - Analyst Blog

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Chemtura CorporationCHMT has inked a letter of intent with Tosoh Corporation to build a long-term relationship for brominated flame retardant products and technologies in Japan.

According to the letter of intent, Tosoh would be granted exclusive rights for the promotion and sale of Chemtura's Emerald Innovation 1000 flame retardant products to customers in Japan. Moreover, Tosoh would be granted a license for manufacturing and selling Emerald Innovation 1000 products to customers in Japan. Hence, it will utilize its patent production technologies for the quality-conscious Japanese market.

The Emerald Innovation 1000 products by Chemtura are a substitute for decabromodiphenylether and decabromodiphenylethane in different end-use markets. Both Chemtura and Tosoh announced their intent to remain committed to the innovation of new technologies to create world-class products that provide improved fire safety in the electronics, construction and transportation markets with minimal environmental impact. Japan is widely known for the use of these cutting-edge technologies. Thus, promoting these products in this market would benefit both companies.

As Tosoh is well recognized for its products in the Japanese auto market, Chemtura will have greater access to the emerging market for its brominated flame retardants.

Chemtura, which is a global manufacturer and marketer of specialty chemicals, recorded net sales of $2.2 billion in 2014. Chemtura remains focused on expanding in faster growing economies and markets to capture new 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 #2 (Buy).

Better-ranked companies in the specialty chemicals sector include Ferro Corporation FOE , Flexible Solutions International Inc. FSI and NL Industries Inc. NL . While Ferro sports a Zacks Rank #1 (Strong Buy), both Flexible Solutions International and NL Industries carry a Zacks Rank #2.

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FERRO CORP (FOE): Free Stock Analysis Report

CHEMTURA CORP (CHMT): Free Stock Analysis Report

NL INDS INC (NL): Free Stock Analysis Report

FLEXIBLE SOLTNS (FSI): Free Stock Analysis Report

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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.

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