Industry News

Cytec Surface Specialties Announces Price Increase on Liquid Coating Resin Products

Published on 2005-10-12. Author : SpecialChem

West Paterson, NJ -- Cytec Industries Inc. (NYSE: CYT) announced increases in prices and drum shipment upcharges for CYMEL® amino cross-linking resins, CYCAT® catalysts, POWDERLINK® crosslinkers, and CYASORB® light stabilizers produced by the Cytec Surface Specialties segment.

Effective November 1, 2005 in North and South America, the increases range from $0.05 to $0.15 per pound for the CYMEL® amino cross-linking resins, $0.12 per pound for the CYCAT® catalysts, $0.50 per pound for the POWDERLINK® crosslinkers, $0.50 to $1.00 per pound for the CYASORB® light stabilizers, and $0.01 to $0.02 per pound for the drum shipment upcharges from warehouses.

The prices increases are necessary to offset the sharp escalation in raw material, freight and energy costs.

Corporate Profile

Cytec Industries is a specialty chemicals and materials technology company with pro forma sales in 2004, including the Surface Specialties acquisition, of approximately $3.0 billion. Its growth strategies are based on developing technologically advanced customer solutions for global markets including: aerospace, coatings, mining, plastics and water treatment.

Source: Cytec Surface Specialties

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