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Cytec Announces 2008 Price Increases for Powder Coating Resins and Related Additives in the Americas

Published on 2007-12-21. Author : SpecialChem

West Paterson, NJ -- Cytec Industries Inc. has announced to its customers that it is increasing the prices of its CRYLCOAT® powder coating resins and its ADDITOL® additives for powder coatings shipped in the Americas on or after January 14, 2008.

The price increases will be between $0.05/lb. and $0.08/lb, depending upon the grade of powder resin. The increase is necessitated by the continued escalation in the cost of all of the major raw materials used in the production of polyester powder resins. The company continues to implement new and existing cost-saving initiatives to minimize, as much as possible, the cumulative effect of all rising raw material, and associated energy and transportation costs.

About Cytec Industries Inc.

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.

Source: Cytec Industries Inc.

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