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Cytec Announces Additional Price Increase on Powder Coating Resins in Europe, Middle East and Africa

Published on 2006-09-11. Author : SpecialChem

West Paterson, NJ -- Cytec Industries Inc. (NYSE:CYT) announced that, effective October 1, 2006, it will increase prices for its entire range of CRYLCOAT ® powder coating resins marketed in Europe, Middle East and Africa, following the increases implemented in the second and third quarters of 2006.

Further escalation of feedstock prices is forcing the company to increase the price of its resins by another 0.15 €/kg of all CRYLCOAT powder coating resins shipped and invoiced after September 30, 2006. The company keeps 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 Industries Inc.


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