UPDATE 1-Crompton to cut output, close some Asian plants


(Rewrites first paragraph, adds details and share price) NEW YORK, Aug 20 (Reuters) - Crompton Corp. plans to cut production of two chemicals used to make tires by closing some plants in Asia and reducing capacity elsewhere, with an eye toward improving profit at its rubber chemicals business, the company said on Friday. The Middlebury, Connecticut, chemicals maker will reduce production by 20,000 metric tons of Flexzone, which is used to prevent rubber from cracking. By the end of the ...

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