Cytec to Consolidate Surfactants Manufacturing by Expanding Willow Island, West Virginia Facility.WEST PATERSON West Paterson (păt`ərsən), borough (1990 pop. 10,982), Passaic co., NE N.J., a suburb of Paterson; inc. 1914. Electric, electronic, and photographic products are made in the borough. , N.J.--(BUSINESS WIRE)--Jan. 16, 1997-- Linden, New Jersey Linden is a city in southeastern Union County, New Jersey, United States. It is part of the New York Metropolitan Area, being about 13 miles southwest of Manhattan, and bordering Staten Island, a borough of New York City. Plant to Close Cytec Industries Cytec Industries is a specialty chemicals and materials technology company with pro-forma sales in 2004, including the Surface Specialties acquisition, of approximately $3.0 billion. Cytec is a result of its spin-off from American Cyanamid Company. Inc. (NYSE NYSE See: New York Stock Exchange :CYT) announced today that it will be consolidating its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. industrial surfactants and docusate manufacturing at its Willow Island, West Virginia West Virginia, E central state of the United States. It is bordered by Pennsylvania and Maryland (N), Virginia (E and S), and Kentucky and, across the Ohio R., Ohio (W). Facts and Figures Area, 24,181 sq mi (62,629 sq km). Pop. facility. The new facility will provide additional capacity and new, state of the art equipment for surfactants and docusates manufacturing. As a result of the consolidation, the Company will close its Linden, New Jersey, plant, which at present employs approximately 85 people. The phasedown phase·down n. A gradual reduction. will be gradual and occur over 18 months. Every effort will be made to assist employees during this transition period. Of the 85 people currently employed at the site, approximately 25 are not directly associated with manufacturing and will be transferred to another New Jersey location. "We have been reviewing our options regarding these two facilities, and we have decided to consolidate our docusates and industrial surfactants manufacturing at our larger, and more modern facilities in West Virginia," said Darryl D. Fry, Chairman and Chief Executive Officer. "Cytec is focusing on improving the efficiencies at all its manufacturing facilities around the world, and this is consistent with our previously announced plans." Industrial surfactants are used in products such as emulsion polymers, paints and adhesives. Docusates are used in the manufacture of pharmaceuticals, food additives and over the counter products. Cytec Industries Inc. is a vertically integrated industrial chemical company which focuses on value-added specialty products. The Company develops, manufactures and markets specialty chemicals, specialty materials and building block chemicals serving a broad group of end users, including the water treatment, paper, mining, coatings, plastics, aerospace and automotive industries. CONTACT: Kumar Shah (analyst contact) (201) 357-3298 George Yuro (201) 357-3319 |
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