Industry News

Cytec Announces Price Increases on its Entire Liquid Coating Resins and Additives Product Range in Europe, Middle East and Africa

Published on 2008-06-23. Author : SpecialChem

West Paterson, NJ -- Cytec Industries Inc. has announced to its customers a general price increase for its entire range of Liquid Coating Resins and Additives in Europe, Middle East and Africa. Price increases will range from 5 to 15% and take effect on all shipments on or after July 15, 2008. Cytec will also review its order-sized pricing system, to further encourage the consolidation of orders.

These increases are driven by the unprecedented and relentless cost escalation of raw materials, energy, packaging and freight. Despite ongoing cost and productivity improvement initiatives, the only way for Cytec to recover these cost increases is by raising prices.

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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