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Contact:
Jodi Allen (Investor Relations)
(973) 357-3283
Jasmin Bisch
(Marketing Communications)
+32.2.560.46.56
Cytec Announces
Price Increases for Liquid Coating Resins in Europe, Middle East
and Africa
Brussels, May 13, 2010 – Cytec Industries Inc. (NYSE:CYT), and
its affiliated companies, announced today to its customers that
it is increasing the prices of several of its Liquid Coating
Resins product groups in Europe, Middle East and Africa.
The price increase will be applicable on all shipments as of
June 1st, 2010, or as contracts allow. It will range
for most resins from 5% to 15% and will primarily apply to the
following product groups:
-
DAOTAN® polyurethane dispersions
- MACRYNAL® , VIACRYL® and UCECRYL®
acrylic resins
- RESYDROL® , VIALKYD® and DUROFTAL®
alkyd resins
- VIAPAL® unsaturated polyesters, gelcoats and color
pastes
- ADDITOL® and MODAFLOW® additives
Other resins and
product grades may also need a pricing adjustment. This price
increase is necessary to offset continued raw material increases
and, in some cases, to restore profitability.
Cytec remains committed to servicing and delivering value to its
customers.
Corporate Profile
Cytec Industries Inc. delivers 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, chemical intermediates,
electronics, inks, mining and plastics.
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