Industry News

Cytec Announces Global Price Increases on Liquid Coating Resins

Published on 2006-12-18. Author : SpecialChem

West Paterson, NJ -- Cytec Industries Inc. (NYSE:CYT) announced that it is increasing globally the prices of its entire range of aminoplast resins.

Price increases will be implemented as follows:

  • Americas: between 0.06 and 0.10 US $/lb, depending upon the grade
  • Asia Pacific: 0.20 US $/kg
  • Europe, Middle East and Africa: 0.15 €/kg

The increase will be effective on all shipments on or after January 1, 2007, or as contracts allow.

While Cytec absorbed part of these increased costs in the last months, these pricing adjustments are necessary to offset the continuous increases in feedstocks, energy and transportation and to restore profitability.

Cytec remains committed to servicing and delivering value to its customers on a consistent global basis, while meeting the growing demand in the amino resins market.

Corporate Profile

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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