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Contact:
Jodi Allen (Investor Relations)
(973) 357-3283
Jodi.Allen@cytec.com


Cytec Announces Plan to Expand Phosphine Chemicals

Woodland Park, New Jersey, October 25, 2011 – Cytec Industries Inc.’s (NYSE:CYT) Board of Directors has approved commencement of a capital project for Cytec’s phosphine-based products at the company’s site in Welland, Canada. The expansion will double Cytec’s phosphine capacity and support the expected demand growth in Cytec’s innovative phosphine and mining chemical technologies. Phosphine based products are included as part of Cytec’s In Process Separation segment.

“With over 55 years of experience, we are the world’s leader in the research and manufacture of industrial scale phosphine derivatives. Demand for phosphine gas and derivative products is expected to remain strong and grow between 10 to 15% for the next ten years. This significant expansion will enable us to meet the growing needs in our current markets including electronics, mineral processing, solvent extraction and fumigation,” said Shane Fleming, Chairman, President, and Chief Executive Officer.

The investment is projected to cost approximately $125 million, subject to final design, with timing for completion estimated to be the first quarter of 2014. The new facility will support production of CYPURE® purified phosphine used in electronics for LEDs, ECO2FUME® and VAPORPH3OS® for agricultural fumigation, AEROPHINE®, a unique collector used in flotation of copper, zinc and other base and precious metals, and CYANEX® solvent extraction reagents used for cobalt, nickel and rare earth production. Martin Court, Vice President of Cytec’s In Process Separation business, added, “Our innovation pipeline remains rich and we have a number of new research areas under exploration that would utilize this chemistry in existing and new markets. We are very excited about the opportunities for the Phosphine product line and our In Process Separation segment.”

Forward-Looking and Cautionary Statements
Except for the historical information and discussions contained herein, statements contained in this release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Achieving the results described in these statements involves a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in Cytec’s filings with the Securities and Exchange Commission.

Corporate Profile
Cytec’s vision is to deliver specialty chemical and material 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, electronics, inks, mining and plastics.

 

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