Cytec to double Benzotriazole (BZT) polymer additive capacity; will build new plant at Botlek, Netherlands.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)--Feb. 19, 1997--Cytec Industries Inc. (NYSE NYSE See: New York Stock Exchange :CYT) announced today that its Netherlands subsidiary, 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. BV, will double production capacity for BZT BZT Bundesamt für Zulassungen in der Telekommunikation BZT Ben Zo Terug (Dutch: Be Right Back) by building a new plant at its Botlek, Netherlands facility. Cytec at present manufactures BZT at its Willow Island, West Virginia facility. The additional capacity of 2.0 million lbs/year is expected to be on line during the second quarter of 1998. BZT light stabilizers are used in automotive coatings and plastics. "Global demand for our products is beginning to exceed our ability to meet customer needs. This expansion will increase our ability to serve customers globally," said David Lilley, President and Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. , Cytec. The Botlek plant manufactures a wide range of specialty chemicals. Cytec Industries Inc. is a vertically integrated specialty chemical company that focuses on value-added specialty products. The Company develops, manufactures and markets specialty chemicals, specialty materials and building block chemicals servicing a broad group of end users, including the water treatment, paper, mining, coatings, plastics, aerospace, and automotive industries. CONTACT: Cytec Industries Inc., West Paterson Kumar Shah (analyst contact), (201) 357-3298 George Yuro, (201) 357-3319 |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion