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Contact:
Jodi Allen
(973) 357-3283
Cytec Announces Price
Increases on Alkyd Resins and Additives in Europe, Middle East
and Africa.
West Paterson, NJ, April 15, 2008 - Cytec Industries Inc. (NYSE:CYT)
announced today to its customers that it is increasing prices of
several of its Alkyd resins and Additives in Europe, Middle East
and Africa.
The pricing adjustment for Alkyd resins is entirely driven by
the continuing cost escalation of some raw materials, especially
vegetable oils.
The price increase will be applied to those Alkyd resins
containing these raw materials.
Due to a significant change in pricing and availability of
Cobalt, a price increase will also be applied to all Additives
containing this raw material.
All increases will take effect on all shipments on or after May
15, 2008
Corporate Profile
Cytec Industries Inc. is a global specialty chemicals and
materials company focused on developing, manufacturing and
selling value-added products. Our products serve a diverse range
of end markets including aerospace, adhesives, automotive and
industrial coatings, chemical intermediates, inks, mining and
plastics. We use our technology and application development
expertise to create chemical and material solutions that are
formulated to perform specific and important functions in the
finished products of our customers.
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