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Contact:
Jodi Allen (Investor Relations)
(973) 357-3283
Doug McClellan (Public Relations)
(678) 255-4663
CYTEC ANNOUNCES PRICE INCREASE
FOR LIQUID COATING RESINS AND ADDITIVES PRODUCTS IN AMERICAS
West Paterson, NJ – July 3, 2008 – Cytec Industries Inc. (NYSE:
CYT) announced today a price increase of $0.10-$0.18 per pound
on its amino crosslinking resins, $0.40 per pound on its
benzoquanamine resins, and $0.03-$0.13 per pound on its other
liquid coating resins and additives product lines. The increase
applies to products sold in the Americas. Warehousing costs will
also increase up to $0.02-$0.05 per pound. The price changes
will be effective for shipments made on or after July 15, 2008
or as contracts allow.
This has become necessary to offset steadily increasing costs of
raw materials, labor, energy, packaging and transportation.
Corporate Profile
Cytec Industries Inc. is a global specialty chemicals and
materials company focused on developing, manufacturing and
selling value-added products. Our products serve a diverse range
of end markets including aerospace, adhesives, automotive and
industrial coatings, chemical intermediates, inks, mining and
plastics. We use our technology and application development
expertise to create chemical and material solutions that are
formulated to perform specific and important functions in the
finished products of our customers.
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