Press Releases
Contact:
Jodi Allen (Investor Relations)
(973) 357-3283
Tara Tepp
(Public Relations)
(973) 357-3347
Cytec Announces
Price Increase on Liquid Coating Resins and Additives in the
Americas
Woodland Park, NJ – January 19, 2011 - Cytec Industries Inc.
(NYSE: CYT), and its affiliated companies, today announce a
selling price increase on all its entire range of Liquid Coating
Resins and Additives in the Americas. The announced changes are
necessary to offset increasing costs of raw materials and
freight. The increase will range from $0.05-$0.35/lb depending
on product family. Included in the increase are: ADDITOL®,
ALNOVOL®, BECKOPOXTM, CYCAT®, CYDROTHANE®,
CYMEL®, CYREZ® , DAOTANTM , DUROXYNTM,
PHENODUR®, and RESYDROL®.
These increases will be effective for shipments as of February
14, 2011 or as contracts allow.
Cytec is committed to servicing and delivering value to its
customers, however this price increase is necessary to
compensate for the increase in raw material costs.
Corporate Profile
Cytec’s vision is to deliver specialty chemical and material
technologies beyond our customer’s imagination. Our focus on
innovation, advanced technology and application expertise
enables us to develop, manufacture and sell products that change
the way our customers do business. These pioneering products
perform specific and important functions for our customers,
enabling them to offer innovative solutions to the industries
that they serve. Our products serve a diverse range of end
markets including aerospace composites, structural adhesives,
automotive and industrial coatings, chemical intermediates,
electronics, inks, mining and plastics.
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