Industry News

Cytec Announces Price Hike for its Crosslinker Resins in the Americas

Published on 2013-02-15. Author : SpecialChem

Woodland Park, NJ -- Cytec Industries Inc. (NYSE:CYT), and its affiliated companies, announced to its customers a price increase for its Crosslinker Resins sold in the Americas.

The off-list prices of all CYMEL®, CYREZ® and AEROTEX® products will be increased up to $0.10/lb. Also, both list and off-list prices will be raised up to $0.20/lb. on all PHENODUR® phenolic resins, ALNOVOL® phenolic resins and ALPEX® cyclized rubber resins. The adjustment will be effective for all shipments as of March 8, 2013, or as contract terms permit, and is in addition to any previously announced price adjustment. The announced changes are necessary to offset increases in feed stocks and raw materials. Cytec remains committed to servicing and delivering value to its customers.

About Cytec

Cytec's vision is to deliver specialty chemicals and materials technologies beyond their customers' imagination. Its focus on innovation, advanced technology and application expertise enables it to develop, manufacture and sell products that change the way its customers do business. These pioneering products perform specific and important functions for the customers, enabling them to offer innovative solutions to the industries that they serve. Cytec's products serve a diverse range of end markets including aerospace composites, structural adhesives, automotive and industrial coatings, electronics, inks, mining and plastics.

Source: Cytec

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