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Inorganic Chemistry
Elementis mulls sale of chromium unit
by Alex Scott
April 30, 2022
| A version of this story appeared in
Volume 100, Issue 15
The British firm Elementis says it is undertaking a strategic review of its chromium chemical unit, a move that usually foreshadows a sale. Benefiting from a postpandemic rebound in industrial activity, the business generated sales of $171 million and a pretax profit of $14 million last year. Elementis bought the business from Occidental Chemical in 2002 for $40 million. It is the only chromium chemical maker in North America. Lanxess sold a similar business in 2019.
Chemical & Engineering News
ISSN 0009-2347
Copyright © 2024 American Chemical Society
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