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Contact:
Jodi Allen (Investor Relations)
+1.973.357.3283
Sherry Sutton Anderson (Marketing Communications)
+1.973.357.3266
Cytec Announces Price Increases
on its Powder Coating Resins Product Range in Europe, Middle
East and Africa
Brussels - July, 8th 2010 - Cytec Industries Inc. (NYSE:CYT),
and its affiliated companies, announced today to its customers a
price increase for its entire range of Powder Coating Resins and
Additives sold in Europe, Middle East and Africa.
The price of all products in the range, excluding SYNTHACRYLŽ
700 powder resins, will be increased by 0.10 EUR/kg for all
shipments from Europe and 0.10 USD/kg for all shipments from
Asia. The price for SYNTHACRYLŽ 700 will be increased by 0.70
€/kg.
The adjustment is on top of any previously applied price
increases and will be effective for all shipments as of July 15,
2010 or as contract terms permit. Cytec is committed to
servicing and delivering value to its customers, however a price
increase is necessary to compensate for the continued increase
in raw material costs.
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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