Press Releases
Contact:
Jodi Allen (Investor Relations)
(973) 357-3283
Tara Tepp (Marketing Communications)
(973) 357-3347
Cytec Announces Price Increase
on Acrylate Monomers, Oligomers, and VANCRYL® Acrylic
Resins in the Americas
Woodland Park, NJ – March 28, 2012 - Cytec Industries Inc.
(NYSE: CYT) and its affiliated companies announced to its
customers a selling price increase on its acrylate monomers,
oligomers, and VANCRYL® acrylic resins sold in
North America and Latin America. Effective with shipments made
on or after April 15th. 2012, or as contracts allow, Cytec will
implement the following increases:
-
Acrylate
Monomers pricing will be increased by up to $0.21/lb.
-
Epoxy Acrylate
Oligomer pricing will be increased by up to $0.19/lb.
-
All other
Oligomers pricing will be increased by up to $0.17/lb.
-
VANCRYL®
resins pricing will be increased by up to $0.09/lb.
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 chemicals and
materials technologies beyond our customers’ 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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