Industry News

Cytec Increases Prices of Phenolic Resins and Dispersions in Asia Pacific

Published on 2006-10-25. Author : SpecialChem

West Paterson, NJ -- Cytec Industries Inc. (NYSE:CYT) announced that it is increasing prices of its phenolic resins and dispersions effective November 1, 2006 or as contracts permit.

The increase of 0.20 Euro/kg will apply to all grades of PHENODUR™ phenolic resins and dispersions and ALVONOL™ modified phenol novolaks in the entire Asia Pacific region. Cytec has been limiting and postponing this price increase as much as possible but these adjustments are now necessary to compensate for today's raw materials costs. Cytec remains committed to serve its customers and puts every effort into delivering the most advanced materials at the best possible value.

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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