Press Releases
Contact:
Jodi Allen (Investor Relations)
(973) 357-3283
Katherine Vaiente (Marketing Communications)
Katherine.Vaiente@cytec.com
(480) 730-2310
Cytec and Mitsubishi Rayon
Announce Strategic Business Collaboration Combining Leading
Resin and Fiber Capabilities to Accelerate Innovation for
Aerospace Applications
September 15, 2009 – Tempe, Ariz. and Tokyo, Japan -Cytec
Engineered Materials (CEM), a business unit of Cytec Industries
Inc. (NYSE: CYT) and Mitsubishi Rayon Co., Ltd. (MRC) today
announced they have entered into a strategic business
collaboration to advance carbon fiber reinforced composite
materials technology. Both CEM and MRC will have the opportunity
to supply the developed materials for use in the aerospace
industry.
With the agreement,
the companies will combine and share their superior technologies
and engineering efforts for selected high-performance carbon
composites applications in the structural materials aerospace
market and provide the aerospace industry technologically
advanced composite materials.
The composite
content of next-generation aircraft is expected to grow
tremendously as manufacturers such as Boeing look to lower
weight and improve fuel efficiency. MRC is one of the leading
carbon fiber suppliers and CEM has the broadest aerospace
composite materials portfolio in the world. CEM and MRC have
been collaborating to develop high-performance carbon composite
materials for aerospace applications for several years.
This business and
technology collaboration is helping both companies further
improve their technological capabilities to meet the stringent
demands and requirements of its customers in the aerospace
industry. Leveraging MRC’s high-performance fiber science
knowledge and processing and supply capability is helping Cytec
meet the advancing requirements and growing demands of its
aerospace customers. MRC is benefitting from CEM’s aerospace
materials design and delivery experience as well as its advanced
resin science and prepreg processing knowledge.
About
Mitsubishi Rayon Co.
Mitsubishi Rayon was established in 1933 as a manufacturer of
rayon staple and is now a leading manufacturer of unique,
high-quality polymer products, which are based on two core
business --the MMA (methyl methacrylate) and AN (acrylonitrile)
business complexes. Mitsubishi Rayon’s products portfolio extend
to acrylic polymer and its raw material, synthetic fibers,
carbon fibers , advanced composite materials, hollow fiber
membrane and systems for water treatment and optical fibers.
Mitsubishi Rayon is headquartered in Tokyo, Japan.
About Cytec
Engineered Materials
Cytec Engineered Materials is a global provider of
technologically advanced materials that make it possible for
designers and engineers for aerospace, high-performance
industrial and other extreme-demand environments to anticipate
their time, performance and quality requirements. A business
unit of Cytec Industries Inc. (NYSE:CYT), Cytec Engineered
Materials is headquartered in Tempe, Ariz., U.S.A.
Cytec
Industries 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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