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Cytec Announces Price Increases on Powder Coating Resins in Europe, Middle East and Africa

Published on 2007-03-07. Author : SpecialChem

West Paterson, NJ -- Cytec Industries Inc. (NYSE:CYT) announced that it is increasing the prices of its entire range of CRYLCOAT® powder coating resins in Europe, Middle East and Africa.

The price increase will be applicable on all shipments on or after April 1, 2007, or as contracts allow, and will be between 0.06 and 0.08 EUR/kg, depending upon the grade.

This pricing adjustment is necessary to compensate ongoing cost increases and strong demand in feedstocks.

Cytec remains committed to servicing and delivering value to its customers, while meeting the high demand in the powder coatings market.

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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