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Cytec Announces Hiked Costs for Powder Coating Resins & Additives, Globally

Published on 2012-02-10. Author : SpecialChem

BRUSSELS/WOODLAND PARK, NJ -- Cytec Industries Inc., and its affiliated companies, announced a price increase for its entire range of Powder Coating Resins and Additives sold in Europe, Middle East and Africa.

The price of all products in the range will be increased by 0.12 to 0.15 EUR/kg for shipments from Europe and by 0.15 to 0.20 USD/kg for shipments from Asia.

The adjustment will be effective for all shipments as of February 15, 2012 or as contract terms permit. Cytec is committed to servicing and delivering value to its customers, however a price increase is necessary to compensate for the increase in raw material costs.

In addition, Cytec Industries Inc. also announced 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$0.06/lb - US$0.08/lb and will be effective for shipments on or after February 15, 2012 or as contracts allow.

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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