Cytec announces global price increases for water teatment chemicals
Specific price increases will vary by product group up to 15%, with larger increases for certain product ranges...
WEST PATTERSON, NJ, April 4, 2005 -- Cytec Industries Inc. is increasing prices on a global basis by up to 15% for its entire range of Water Treatment Chemicals, effective May 15, 2005.
The price increases -- as well as the global pricing initiatives announced during the fourth quarter of 2004 -- are necessary to ensure Cytec's ongoing ability to reinvest in this product line. Such investments, the company said, help make it possible to provide customers with an adequate supply of high-quality products.
Specific price increases will vary by product group, and a larger increase may apply for certain product ranges.
Cytec Industries (www.cytec.com) is a specialty chemicals and materials technology company with pro forma sales in 2004, including the Surface Specialties acquisition, of approximately $3.0 billion. Its growth strategies are based on developing technologically advanced customer solutions for global markets including: aerospace, coatings, mining, plastics and water treatment.