Chemtura Building European Capacity for Synton® Synthetic Basestocks
Public Company Information:
Chemtura Corporation (NYSE: CHMT) has announced the next stage of its plan to increase output of its Synton® line of high-viscosity polyalphaolefin (HVPAO) synthetic basestocks. Engineering work has commenced to enable production of the Synton® 40 and Synton® 100 HVPAO brands at its facility in Ankerweg, Amsterdam, The Netherlands by 2013.
“Chemtura is increasing capacity and establishing a European manufacturing capability for HVPAO in order to meet the increasing global demand for these products and locate production capacity in a region of significant demand growth,” said Dr. Sean O’Connor, president/general manager, Petroleum Additives. “Production in Europe allows us to further enhance our service levels and continue to meet our commitments to our customers.”
Chemtura’s Synton® HVPAO products are used as high-performance basestocks and viscosity improvers in synthetic lubricant formulations such as gear oils and engine oils. Earlier in 2011, Chemtura announced expanded production capacity for the Synton® 40 PAO and Synton® 100 HVPAO grades at its Elmira, Ontario, Canada facility.
“Extended-life industrial and automotive oils are made possible by Chemtura’s Synton® line, with Synton® PAO 40 widely used in wind turbines to generate electricity with low emissions,” said Chet Cross, executive vice president, Chemtura Engineered & Industrial Performance Products. “These capacity expansions demonstrate our commitment to the evolving renewable energy sector and to greener applications for our products.”
Chemtura Corporation, with 2010 sales of $2.8 billion, is a global manufacturer and marketer of specialty chemicals, agrochemicals and pool, spa and home care products. Additional information concerning Chemtura is available at www.chemtura.com.
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