Chemtura AgroSolutions sales up 13% in Q1

Chemtura AgroSolutions segment sales increased 13.3% to $85 million in the first quarter of 2012, resulting from $10 million in higher sales volume and $2 million in higher selling prices, offset the $2 million from unfavorable foreign currency translation. Increases in sales volume benefited from new products and registrations with growth in revenues in all regions except Southern Asia. North America had the benefit of a mild winter and a warm start to spring. European sales still grew despite the harshest winter in a number of years. Operating income increased $8 million reflecting the benefit of a $3 million increase from sales volume and product mix changes, $2 million from higher selling prices, $1 million from lower raw material costs and $3 million from lower manufacturing and distribution costs, only partly offset by a $1 million impact from unfavorable foreign currency translation.

Chemtura AgroSolutions’ sales result ($million)
Q1 ended March 31st	2012	2011	change%
Sales	85	75	+13.3
Operating profit	10	2	+400

Chemtura expect stronger performance this year from their AgroSolutions segment due to its new products, registrations and improved distribution and from Consumer Products as a result of the additional volume it has gained compared to the 2011 season.