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Jodi Allen
Investor Relations
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COMAC Selects Cytec for C919
Long-term Agreement Signed for Composite Material Supply
Woodland Park, New Jersey, April 4, 2012 – Cytec Industries Inc.
(NYSE:CYT) announced today that its Engineered Materials
business has been awarded a long-term agreement to supply
certain high-performance, structural composite and adhesive
materials for the Commercial Aircraft Corporation of China, Ltd.
(COMAC) C919 commercial aircraft. The contract with Shanghai
Aircraft Manufacturing Co., Ltd. (SAMC), a subsidiary of COMAC,
is for a ten year term and majority of their composite material
requirements.
“We are excited to be a key supplier to COMAC’s C919 program,”
said Shane Fleming, President and CEO of Cytec Industries Inc.
“This agreement is further evidence of Cytec’s growing position
as a supplier of structural composites and adhesives to the
global commercial aerospace market.”
COMAC is developing the single aisle C919 commercial airliner to
meet growing air transportation demand in the region and intends
to certify the aircraft to western standards for export sales.
To date, COMAC has 235 orders for the C919. The aircraft is
currently in design validation.
Cytec’s materials will be used by Shanghai Aircraft
Manufacturing Company to build both primary and secondary
composite structures for the C919. “We are honored to be
selected to support COMAC and are pleased our product solutions
bring value to the C919 program,” said Bill Wood, President of
Cytec’s Engineered Materials. Cytec’s complimentary structural
adhesives, primers and surfacing films will also be used. As
part of the agreement, Cytec’s authorized distributor in China,
Argosy International Inc., will provide sales and logistics
support for material procurement.
Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained
herein, statements contained in this release may constitute
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Achieving the results
described in these statements involves a number of risks,
uncertainties and other factors that could cause actual results
to differ materially, as discussed in Cytec’s filings with the
Securities and Exchange Commission.
Corporate Profile
Cytec’s vision is to deliver specialty chemical and material
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. Our 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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