Chemtrade announces one of its sodium formate suppliers to close operations in first quarter of 2006
Mark Davis, President and Chief Executive Officer of Chemtrade, said that even prior to the shutdown announcement the business was contracting with offshore supply sources and does not expect that the operations will suffer due to lack of supply. He continued, "We indicated in our third quarter release that Hurricanes Katrina and Rita had affected the supply and cost of various raw materials and energy. The uncertainty around these issues continues to make it difficult to predict 2006 input costs and earnings."
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