Cytec Industries Inc (CYT)

Cytec Industries Inc. (Cytec), incorporated in December 1993, is a global specialty chemicals and materials company focused on developing, manufacturing and selling value-added products. The Company’s products serve a range of end markets, including aerospace, adhesives, automotive and industrial coatings, chemical intermediates, inks, mining and plastics. The Company operates in four business segments: Cytec Performance Chemicals, Cytec Surface Specialties, Cytec Engineered Materials and Building Block Chemicals. Cytec Performance Chemicals product lines include mining chemicals, phosphines, polymer additives, specialty additives, specialty urethanes and adhesives. Cytec Surface Specialties product lines include radiation-cured resins (Radcure resins), powder coating resins and liquid coating resins. Included in the liquid coating resins product line are waterborne resins, amino resins and solvent-based resins. Cytec Engineered Materials principally includes advanced composites, carbon fiber, and structural film adhesives. Building Block Chemicals includes acrylonitrile, hydrocyanic acid, sulfuric acid and melamine.

Cytec Surface Specialties

The Company is a producer of radiation-cured resins for coatings and graphics applications. The products, such as inks, compact discs, digital video disc (DVDs), flat panel displays, credit cards, packaging, parquet and furniture utilizes resins like the ones the Company has developed. It offers powder resins for super durable clearcoats, weather-resistant finishes and ultraviolet-curing powder coating systems for heat-sensitive substrates, such as plastic and wood. It manufactures a range of waterborne and solventborne resins. It manufactures a range of additives to assist customers in formulating high-performance coatings for protective and decorative applications.

Cytec Performance Chemicals

The Company’s mining chemicals product line is primarily used in applications to separate desired minerals from host ores. It also sells phosphine specialty reagents. Its phosphine specialties are utilized for a variety of applications. It is supplier of ultra-high purity phosphine gas, used in semiconductor manufacturing and light emitting diode applications, and has positions in various phosphine derivative products, including phosphonium salts used in pharmaceutical catalysts and biocides. Included in the phosphine line are organo phosphorus compounds. The compounds are used primarily as intermediates and catalyst ligands for organic and chemical synthesis in the pharmaceutical and chemical industries.

The Company is a worldwide supplier to the plastics industry of specialty additives, which protect plastics from the ultraviolet radiation of sunlight and from oxidation. It is a worldwide supplier of sulfosuccinate surfactants, acrylamide-based specialty monomers and PTZ phenothiazine. Sulfosuccinate surfactants and acrylamide-based specialty monomers products are used in emulsion polymers, paints, paper coatings, printing inks, and other diverse customer applications. PTZ Phenothiazine is used as an acrylic acid stabilizer. Its line of isocyanates, carbamates and epoxy and specialty polyurethane resin systems are used in high-performance applications in industries, such as aerospace, automotive, military, computers, biomedical, textiles and electrical /electronics and together form its Specialty Urethanes product line. It manufacture and sell specialty pressure sensitive adhesives for both waterborne and solventborne systems.

Cytec Engineered Materials

The Company’s Cytec Engineered Materials segment manufactures and sells structural film adhesives and advanced composite materials primarily to the aerospace industry and other specialty applications. The primary applications for both aerospace adhesives and advanced composites are large commercial airliners, regional and business jets, military aircraft, (including rotorcraft, satellites and launch vehicles), automotive and specialty applications. The Company manufactures and sells various grades of both polyacrylonitrile (PAN) type and pitch type carbon fibers.

Building Block Chemicals

Building Block Chemicals are manufactured at the Company Fortier facility. This segment’s product line includes acrylonitrile, hydrocyanic acid (a co-product of acrylonitrile), sulfuric acid and melamine, which is produced both for use internally within its other segments and for third party sale. The Company is a manufacturer of melamine in North America and about 30% of its 150 million pound capacity is used internally to make amino cross-linkers. It manufactures and sells sulfuric acid and regenerated sulfuric acid under a long-term supply agreement to a tenant at its Fortier site and sell sulfuric acid in the merchant marketplace.

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