Industry News

Cytec Announced Hiked Prices of its Powder Coating Resins & Specialty Coating Resins & Additives

Published on 2012-03-09. Author : SpecialChem

WOODLAND PARK, NJ -- Cytec Industries Inc. and its affiliated companies announced to its customers a selling price increase on all powder coating resins (CRYLCOAT®powder resins, ADDITOL® powder resins additives, MODAFLOW® additives and resins and UVECOAT®powder resins) sold in North America and Latin America. The increase will be between US$0.10/lb - US$0.12/lb and will be effective for shipments on or after April 1, 2012 or as contracts allow.

Cytec Industries Inc. also announced a selling price increase on a range of Specialty Coating Resins and Additives in the Americas. The announced changes are necessary to offset increasing costs of raw materials and feed stocks. The increase will range from 6% - 12% depending on product family. Included in the increase are: ADDITOL® coating additives, BECKOPOXTM waterborne epoxy dispersions, CYCAT®catalysts, CYDROTHANE® polyurethane dispersions, DAOTANTM polyurethane dispersions , DUROXYNTM waterborne epoxy-ester dispersions, MACRYNAL® waterborne dispersions, MODAFLOW® coating additives, MULTIFLOW®coating additives, PC DEFOAMER additives, RESYDROL®waterborne alkyd emulsions, UCECRYL® waterborne alkyd emulsions, and VIACRYL® waterborne acrylic resins and emulsions.

These increases will be effective for shipments as of April 1, 2012 or as contracts allow.

Cytec announced to its customers a price increase for its entire range of Powder Coating Resins and Additives sold in Europe, the Middle East and Africa.

The price of all products in the range will be increased by 0.10 to 0.12 EUR/kg for shipments from Europe and by 0.13 to 0.15 USD/kg for shipments from Asia.

The adjustment will be effective for all shipments as of April 1, 2012 or as contract terms permit and is in addition to any previously announced price adjustment.

Cytec is committed to servicing and delivering value to its customers, however this price increase is necessary to compensate for the increase in raw material costs.

About Cytec

Cytec's vision is to deliver specialty chemicals and materials technologies beyond their customers' imagination. Their focus on innovation, advanced technology and application expertise enables them to develop, manufacture and sell products that change the way their customers do business. These pioneering products perform specific and important functions for their customers, enabling them to offer innovative solutions to the industries that they serve. Their products serve a diverse range of end markets including aerospace composites, structural adhesives, automotive and industrial coatings, electronics, inks, mining and plastics.

Source: Cytec

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