Cytec to raise prices on all powder coating resins sold in North America, Latin America between US$0.06/lb. and US$0.08/lb., effective on or after Feb.15
WOODLAND PARK, New Jersey
February 6, 2012
– Cytec Industries Inc. (NYSE: CYT) today announced 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 between US$0.06/lb - US$0.08/lb and will be effective for shipments on or after February 15, 2012 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 chemicals and materials technologies beyond our customers’ 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, electronics, inks, mining and plastics.