Press Releases
Cytec Expands Global Production of CRYLCOAT® Powder
Coating Resins
West Paterson, NJ, July 10, 2007 – Cytec Industries Inc. (NYSE:CYT)
announced today its plans to increase globally its
production capacity of CRYLCOAT® powder coating resins.
Through investments and debottlenecking in Romano (Italy),
Fenxiang (China) and Rayong (Thailand), Cytec is adding some
20,000 MT of polyester capacity for the powder coating
market. Through these efforts, Cytec is planning to reach
the milestone of 200,000 MT of capacity at the eight
manufacturing sites across the world in the course of 2007.
With four manufacturing sites in Asia, two in Europe and one
each in North and South America, Cytec is ideally positioned
to supply resins and additives for powder coatings in each
continent and country.
“The powder coatings market is a core business for Cytec and
these expansions show our commitment to serving our
customers and following their growth in a cost effective
way”, said Wim Vanderghinste, Global Business Director
Powder Coating Resins. “This investment is especially
strategic in supporting the growth in emerging markets as
China, the Middle East and Eastern Europe.” added
Vanderghinste.
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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