Press Releases
Contact:
Jodi Allen (Investor Relations)
(973) 357-3283
Tara Tepp
(Marketing Communications)
(973) 357-3347
Cytec Announces
Price Increase for Powder Coating Resins in The Americas
Woodland Park, NJ – March 24, 2011 - Cytec Industries Inc.
(NYSE: CYT) today announced to its customers a selling price
increase on all powder coating resins (CRYLCOAT® powder resins,
ADDITOL® powder resins additives, MODAFLOW® additives and resins
and UVECOAT® powder resins) sold in North America and Latin
America. The increase will be between US$0.08/lb - US$0.12/lb
and will be effective for shipments on or after April 15, 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, electronics, inks, mining
and plastics.
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