Chemtura gets OK to continue business

Rubber & Plastics News

Middlebury, Connecticut – Chemtura Corp. has gained approvals by the US Bankruptcy Court for measures which will allow it to continue normal business during restructuring.

“The court’s approval is a positive step forward in resolving our financial challenges, solidifying the basis of confidence of our suppliers and customers and enabling our operations to continue without interruption,” said Craig Rogerson, Chemtura’s chairman, president and ceo.

Chemtura now has interim access to $190 million (Euro 140 million) of its $400 million debtor-in-possession financing from…

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