Jodi Allen (Investor Relations)
Tara Tepp (Marketing Communications)
Cytec Announces Price Increase for Powder Coating Resins
in The Americas
Woodland Park, NJ – January 31, 2011 - Cytec Industries Inc.
(NYSE: CYT), and its affiliated companies, today announce to its
customers a selling price increase on all powder coating resins
(CRYLCOAT® powder resins, ADDITOL® powder resins additives,
MODAFLOW® additives and resins and UVECOAT® powder resins) sold
in North America and Latin America. The increase will be
US$0.12/lb and will be effective for shipments on or after
February 15, 2011 or as contracts allow.
Cytec is committed to servicing and delivering value to its
customers, however this price increase is necessary to
compensate for the increase in raw material costs.
Cytec’s vision is to deliver specialty chemical and material
technologies beyond our customer’s imagination. Our focus on
innovation, advanced technology and application expertise
enables us to develop, manufacture and sell products that change
the way our customers do business. These pioneering products
perform specific and important functions for our customers,
enabling them to offer innovative solutions to the industries
that they serve. Our products serve a diverse range of end
markets including aerospace composites, structural adhesives,
automotive and industrial coatings, chemical intermediates,
electronics, inks, mining and plastics.
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