CHEMTURA AND TECHNO-PU.MA ANNOUNCE JOINT AGREEMENT FOR INTEGRATED SERVICES TO POLYURETHANE MARKET

Chemtura Corporation (NYSE:CEM) and Techno-PU.MA s.r.l have entered into a Joint Cooperation Agreement, combining Chemtura‘s expertise in high performance castable polyurethanes with PU.MA expertise in meter mixing machines. Their objective is to provide an integrated marketing and technical service approach to customers in the Europe, Middle East and African (EMEA) region.

PU.MA, based in Padova, Italy, will focus on its core competencies in building and supplying meter mixing machines, while the Chemtura Adiprene® Vibrathane® group will focus on its strengths in polyurethane materials, application development and materials technology.

At Chemtura’s new testing facility in Latina, Italy, the partnering companies have installed a six (6) component meter mixing machine, with a hot table and a pilot curative blending facility. The meter mix machine will be used to carry out both development work and technical support on Chemtura polyurethane products for existing and new customers of both Chemtura and PU.MA.

Chemtura will support and advertise exclusively PU.MA meter mixing machines for use with its polyurethane products in the EMEA region. PU.MA will recommend the use of Chemtura polyurethane products with its Elastocast® and Rotocast® meter mixing machines but shall be free to sell its meter mixing machines without restriction.

“Chemtura and PU.MA have worked closely together for many years and this agreement was a logical conclusion for both parties. We are both excited by the opportunities that this agreement will bring,” commented Walter Legnaro, President of PU.MA.

“With our enhanced Latina capabilities, we’ve successfully taken the first steps in a test of both parties’ commitment to this venture,” said Stephen Lewis, Adiprene®/Vibrathane® Industry Leader, EMEA & Asia Pacific.

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