Cytec raises prices for polymer additives, mining chemicals

Specialty chemical company Cytec Industries Inc. announced an unspecified "price adjustment" for its mining chemicals and increases of up to 7% on several polymer additives products...

WEST PATERSON, NJ, Sept. 22, 2004 (BUSINESS WIRE) -- Specialty chemical company Cytec Industries Inc. announced an unspecified "price adjustment" for its mining chemicals and increases of up to 7% on several polymer additives products.

The global implementation of a price adjustment to all mining chemicals is effective immediately.

Increases will be effective Jan. 1, 2005, on CYANOX®1790 antioxidant, CYASORB® light stabilizers including UV-3346, UV-3529, UV-3622, UV-3765, UV-3853 products, UV-3638, UV-5411, UV-2337, UV-5365, UV-1164, CYASORB THT® light stabilizers and blends containing these products.

Both announcements are is due to sustained pressure on raw materials, energy, transportation and packaging costs, the company stated.

Cytec Industries is a specialty chemicals and materials technology company with sales in 2003 of $1.5 billion. Its growth strategies are based on developing technologically advanced customer solutions for global markets including: aerospace, plastics, industrial coatings, mining, and water treatment.

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