Philadelphia, Pennsylvania -- A drop in Chemtura’s polyurethane sales figure during Q2 2015 was due partly to “unfavourable changes in product mix within the business”, according to the company’s latest financial report.
Its net sales for polyurethanes was reported as $72m during the second quarter of 2015, compared to $76m Q2 2014. Q1 2015 net sales were reported as $73m.
The company’s polyurethanes sales were reported separately, rather than as part of its industrial performance products segment as previously.
The firm’s ceo Craig Rogerson said its industrial performance products segment suffered overall from “unfavourable foreign currency translation”.
He also stated that revenue “was down slightly despite higher volumes due to lower selling prices as a result of reductions in raw material costs we passed along where required by contractual or other arrangements”.