Cytec Industries Inc : Cytec Announces Price Increases on its Powder Coating Resins Product Range in Europe, Middle East and Africa
02/06/2012 | 10:24am
Cytec Announces Price Increases on its Powder Coating
Resins Product Range in Europe, Middle East and Africa
Brussels, February 6, 2012 - Cytec Industries Inc. (NYSE:CYT),
and its affiliated companies, announced today to its customers
a price increase for its entire range of Powder Coating Resins
and Additives sold in Europe, Middle East and Africa.
The price of all products in the range will be increased by
0.12 to 0.15 EUR/kg for shipments from Europe and by 0.15 to
0.20 USD/kg for shipments from Asia.
The adjustment will be effective for all shipments as of
February 15, 2012 or as contract terms permit. Cytec is
committed to servicing and delivering value to its customers,
however a price increase is necessary to compensate for the
increase in raw material costs.
Corporate Profile
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.
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