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Stock Market & Financial Investment News

News Breaks
December 4, 2012
18:02 EDTCHMT, CATChemtura announces joint development agreement with Caterpillar
Chemtura Corporation (CHMT) announced it has entered into a joint development agreement with Caterpillar (CAT) for novel applications of Chemtura's Duracast hot-cast urethane pre-polymer technology for construction and mining equipment. The joint development agreement focuses on novel applications in construction and mining equipment where urethanes have not previously been used. Initial products to be jointly developed include non-pneumatic tires for certain Cat machines. Prototype development is under way with field evaluation expected to begin by early 2013. Under the agreement, other potential applications of Duracast technology may include debris guards for use behind tires, ground engagement accessories and wear reduction coatings.
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October 8, 2014
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