26 January 2011 16:39 [Source: ICIS news]
TORONTO (ICIS)--US specialty chemicals producer Chemtura and ?xml:namespace>
Milan-based Isagro had contributed commercially registered herbicide Orthosulfamuron and fungicide Valifenalate as well as related intellectual property to the venture.
Isagro CEO Giorgio Basile said the alliance with Chemtura was consistent with his company’s strategy to focus on its core business of researching and developing new molecules and promoting them globally.
Chemtura executive vice president Chet Cross said the alliance with Isagro was “the next step” in growing Chemtura’s agrochemicals business.
Last year, Chemtura rebranded its agrochemicals division to Chemtura AgroSolutions.
In November, Chemtura completed its financial restructuring and emerged from US Chapter 11 bankruptcy protection.
($1 = €0.73)
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