The Company's businesses consist of four wholly owned segments: Ashland Performance Materials, Ashland Distribution, Valvoline and Ashland Water Technologies.
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Aqualon is a strong business with solid operating profit. Currently under pressure due to the downturn in construction and coatings but still with some markets not too much affected by the economical downturn. Once building picks up again margins and sales should improve which will help EBIT.
Once a buyer is found for the Valvoline division debt could be reduced helping the balance sheet.