Although they were financially shaky a few months ago, Chemtura Chairman and CEO Craig Rogerson is showing signs of hope for the restructuring of his company. Having finally completed the financial restructuring necessary for a Chapter 11 bankruptcy, Rogerson states that the Middlebury, Connecticut firm will be starting anew. After improving its cost structure, resolving environmental and other liabilities, and dramatically reducing its debts, the company is optimistic about its fresh start.

The company can be found under its new ticker name of CHMT on the New York Stock Exchange.

Chemtura was forced to file for Chapter 11 bankruptcy when an unexpected and serious decrease in order volume arose in March 2009, leading to issues of liquidity and cash flow. In the following month a court approved a debtor-in-possession credit facility, in the amount of $400 million, to keep Chemtura operating while it worked on its restructuring plan.

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