Industry News

Cytec Announces Additional Price Increase on Powder Coating Resins in Europe

Published on 2006-06-26. Author : SpecialChem

West Paterson, NJ -- Cytec Industries Inc. announced that effective July 16, 2006 it will increase prices for its entire range of CRYLCOAT ® powder coating resins marketed in Europe following the increase implemented in the second quarter of 2006.

The continuing tightness of some raw materials and major feedstock cost increases are resulting in significant price increases in raw materials and in energy costs and as a result Cytec is forced to announce that the prices of all CRYLCOAT powder coating resins shipped and invoiced after July 15, 2006 will be increased 0,10 €/kg. The company is doing its utmost to compensate for these cost increases through drastic cost saving initiatives, however, these efforts alone are not enough to provide a reasonable return for these specialty products.

Corporate Profile

Cytec Industries Inc. is a global specialty chemicals and materials company focused on developing, manufacturing and selling value-added products with pro forma sales in 2005 of approximately $3.2 billion. Our products serve a diverse range of end markets including aerospace, adhesives, automotive and industrial coatings, chemical intermediates, inks, mining, plastics and water treatment. We use our technology and application development expertise to create chemical and material solutions that are formulated to perform specific and important functions for our customers.

Source: Cytec Surface Specialties

K flex Coalescents
Back to Top