Industry News

Cytec Announces Methanol Surcharge for Liquid Coating Resins

Published on 2007-12-19. Author : SpecialChem

West Paterson, NJ -- Cytec Industries Inc. has announced to its customers that it is instating a methanol surcharge for all CYMEL®, MELMAC®, BECKAMINE®, and UFORMITE® aminoplast resins shipped in the Americas on or after January 1, 2008.

The surcharge for a given month will be calculated in $0.10/gallon increments based on the North American market price of methanol from the prior month. The reference price will be the Methanex Non-Discounted Reference Price. The increase is necessitated by the continued escalation in the cost of methanol.

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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