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CALGARY, May 23, 2017 /CNW/ - Chemtrade Electrochem Inc. (formerly Canexus Corporation) ("Chemtrade Electrochem") and Chemtrade Logistics Income Fund (TSX: CHE.UN) ("Chemtrade") announced today Chemtrade Electrochem has provided a notice of redemption to Computershare Trust Company of Canada of the redemption of 35% of the outstanding 7.875% Senior Unsecured Notes due 2023, which redemption will be effective on June 26, 2017.
About Chemtrade Electrochem
Chemtrade Electrochem is an indirect wholly-owned subsidiary of Chemtrade that produces sodium chlorate and chlor-alkali products largely for the pulp and paper and water treatment industries.
Chemtrade operates a diversified business providing industrial chemicals and services to customers in North America and around the world. Chemtrade is one of North America's largest suppliers of sulphuric acid, spent acid processing services, inorganic coagulants for water treatment, sodium chlorate, sodium nitrite, sodium hydrosulphite and phosphorus pentasulphide. Chemtrade is a leading regional supplier of sulphur, chlor-alkali products, liquid sulphur dioxide, potassium chloride, and zinc oxide. Additionally, Chemtrade provides industrial services such as processing by-products and waste streams.
SOURCE Chemtrade Logistics Income Fund
For further information: Mark Davis, Chief Executive Officer, Tel: (416) 496-4176; Rohit Bhardwaj, Chief Financial Officer, Tel: (416) 496-4177