Press Releases
Cytec Announces Price Increases on Powder Coating Resins
and on Additives for Powder Coatings in North and South
America
West Paterson, NJ, June 5, 2007 – Cytec Industries Inc. (NYSE:CYT)
announced today that effective July 1, 2007, or as contracts
allow, it is increasing the prices of its CRYLCOAT® powder
coating resins and its ADDITOL® additives for powder
coatings. The price increases will be between $0.05/lb. and
$0.07/lb., depending on the grade. They will apply to all
shipments on or after July 1, 2007 sold in North and South
America.
The price increases reflect the escalating raw material and
energy costs which are being driven by the growing global
demand for feedstocks. The company continues to implement
cost-saving initiatives in order to minimize the impact of
the rising raw material costs.
Information and technical assistance about any of Cytec’s
powder coating resins and additives are available by
contacting Cytec at 1-800-652-6013, +1 973-357-3193, or
custinfo@cytec.com.
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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