Industry News

Cytec Announces Price Increases on Amino Resins in Asia Pacific

Published on 2007-10-31. Author : SpecialChem

West Paterson, NJ -- Cytec Industries Inc. announced to its customers that it is increasing prices of CYREZ™, CYMEL™ and MYCOAT™ amino crosslinking resins in Asia Pacific. The increases will take effect on all shipments on or after November 1, 2007, or as contracts allow.

These increases will apply as follows:

  • 26 US cents/kg for Hexamethoxymethylmelamine (HMMM)
  • 28 US cents/kg for High Solids Methylated Melamine
  • 23 US cents/kg for Conventional Butylated Melamine
  • 29 US cents/kg for Conventional Benzoguanamine
  • 66 US cents/kg for High Solids Benzoguanamine
  • 23 US cents/kg for Conventional Urea
  • 23 US cents/kg for High Solids Urea
  • 18 US cents/kg for Conventional Glycoluril
  • 33 US cents/kg for High Solids Glycoluril
  • 35 US cents/kg for Mixed Etherified Melamine

The company has been limiting and postponing these price increases as much as possible but these adjustments are now necessary due to the significant increases in raw materials, energy and transport costs. Cytec remains committed to serve its customers and puts every effort into delivering the most advanced materials at the best possible value.

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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