Press Releases
Cytec Announces Price Increases on Liquid Coating Resins
in Europe, Middle East and AfricaT
West Paterson, NJ, October 1, 2007 – Cytec Industries Inc. (NYSE:CYT)
announced today to its customers that it is increasing the
prices of several of its Liquid Coating Resins in Europe, Middle
East and Africa.
The price increase will range, for most of the resins, from 5
to 15 %, and will apply primarily to the following product
groups:
• CYMEL® and CYREZ® amino-crosslinking resins
• MACRYNAL® and VIACRYL® solventborne acrylic resins
• VIALKYD® solventborne alkyd resins.
Some resins belonging to other product groups will also need
a pricing adjustment. The price increases will be applicable for
orders shipped on or after November 1, 2007.
Cytec is also introducing for its liquid coating resins an
order sized pricing system, including surcharges for the smaller
order volumes.
The price increases are necessary to offset continued
increases on energy, transportation costs and raw materials and
to restore profitability. Cytec remains committed to
servicing the growing demand of the coatings industry and is
further investing in operations.
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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