Industry News

Cytec Expands Global Production of CRYLCOAT® Powder Coating Resins

Published on 2007-07-11. Author : SpecialChem

West Paterson, NJ -- Cytec Industries Inc. (NYSE:CYT) announced its plans to increase globally its production capacity of CRYLCOAT® powder coating resins.

Through investments and debottlenecking in Romano (Italy), Fengxiang (China) and Rayong (Thailand), Cytec is adding some 20,000 MT of polyester capacity for the powder coating market. Through these efforts, Cytec is planning to reach the milestone of 200,000 MT of capacity at the eight manufacturing sites across the world in the course of 2007. With four manufacturing sites in Asia, two in Europe and one each in North and South America, Cytec is ideally positioned to supply resins and additives for powder coatings in each continent and country.

"The powder coatings market is a core business for Cytec and these expansions show our commitment to serving our customers and following their growth in a cost effective way", said Wim Vanderghinste, Global Business Director Powder Coating Resins. "This investment is especially strategic in supporting the growth in emerging markets as China, the Middle East and Eastern Europe." added Vanderghinste.

Corporate Profile

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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