Chemtrade Logistics Income Fund, Toronto, reported that it has reconfigured its operating segments due to the recent sale of two of its specialty businesses (GM Oct. 1, 2021). Sulphur Products and Performance Chemicals (SPPC) will be combined with the remaining products of the Water Solutions and Specialty Chemicals (WSSC) segment to form a new segment called Sulphur and Water Chemicals (SWC). The Electrochemicals (EC) and Corporate segments will remain unchanged.
In other news, Chemtrade said its guidance for 2021’s adjusted EBITDA at C$245-$260 million is now expected to be at or above the top of the range. 2022 guidance is $265-$295 million.