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Cytec Industries, Inc.
Company type
Subsidiary
Traded as
NYSE: CYT
Industry
Chemicals, Materials, Aerospace, Automotive and Coatings
Founded
1907 - American Cyanamid Company, 1993 - Cytec
Headquarters
Woodland Park, New Jersey, United States
Area served
Worldwide
Key people
Shane D. Flemming (President and CEO)
Revenue
US$ 1.90 billion (2013)[1]
Number of employees
3,600+ (2012)
Subsidiaries
Cytec Engineered Materials
Website
http://www.cytec.com
Cytec Industries Incorporated, based in Woodland Park, New Jersey was a speciality 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. It makes resins, plastics, and composite materials, especially for the aerospace industry and other users of specialty materials. It was listed in NYSE with stock symbol "CYT".
Cytec currently[when?] has about 3,600 employees in Europe, North and South America, Asia and Australia.
In December 2013, Cytec Industries has entered into a tactical partnership with Mubadala Development Company.[2]
In July 2015, Solvay announced its intent to acquire Cytec for a purchase price of US$5.5 billion.[3] In November 2015, Cytec Industries has obtain a shareholder's stake in Penso Holdings.[4] In December 2015, Solvay successfully completed its acquisition of Cytec. Financing consists of the issuance of around €4.7 billion senior and hybrid bonds and the ongoing €1.5 billion right issue.[5]
^"Solvay, an advanced materials and specialty chemicals company". Solvay.
^"Cytec announces Middle Eastern aerospace collaboration". Plastics Today. 20 December 2013. Retrieved 19 November 2020.
^"Belgium's Solvay to buy U.S. peer Cytec for $5.5 billion". Reuters. 29 July 2015 – via www.reuters.com.
^"Cytec acquires stake in composites part manufacturer". Plastics Today. 25 November 2015. Retrieved 19 November 2020.
^"Solvay successfully completes the acquisition of Cytec". Reuters. Archived from the original on 2016-03-05.
CytecIndustries Incorporated, based in Woodland Park, New Jersey was a speciality chemicals and materials technology company with pro-forma sales in 2004...
Coating Resins Division as a divestiture from CytecIndustries. In September 2016, Allnex and Nuplex Industries, a global manufacturer of resins, were merged...
10-K405". secdatabase.com. February 28, 2001. "Company News: Albemarle, CytecIndustries, and GE Specialty Chemicals". PCI News. August 31, 2000. "Huber Officially...
Evonik Industries (Germany), BASF (Germany), Dow Chemical Company (U.S.), AkzoNobel (The Netherlands), Quinn Plastics (UK) and CytecIndustries (U.S.)...
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in 1985. The sabot that contains the sub-caliber is manufactured by CytecIndustries. Armour-piercing discarding sabot – the equivalent class of ordnance...
Chemtura, Rockwood, Albemarle, Cabot, W. R. Grace, Ferro Corporation, and CytecIndustries. The emergence of India as a manufacturer and supplier of speciality...
(Press release). Globe Newswire. July 16, 2018. "AGERE SYSTEMS, INC.; CYTECINDUSTRIES, INC.; FORD MOTOR COMPANY; SPS TECHNOLOGIES, LLC; TI GROUP AUTOMOTIVE...
Whetstone, next door to Hardinge Machine Tools UK (former Bridgeport). CytecIndustries UK (former Uneco, owned since 2016 by Solvay) have a composites research...
spun-off successor company known as Cytec. Cytec was acquired by Solvay Group in December 2015 to form the Cytec Solvay Group based in Brussels, Belgium...
from the company include KEMET Laboratories (capacitor technologies), CytecIndustries', Engineered Materials group (carbon fiber products), Energizer Holdings...
from the company include KEMET Laboratories (capacitor technologies), CytecIndustries', Engineered Materials group (carbon fiber products), Energizer Holdings...
plant near the entrance to Spanish Fork Canyon, previously owned by CytecIndustries of Delaware and Mallinckdrodt Inc. of New York. Trojan produced nitrostarch...
the Lonesome Mine was transferred from American Cyanamid to CytecIndustries. In 1996, Cytec donated the land to the state to be used as a park in perpetuity...
In 2002, Kadri took on a Product Management and Marketing role at UCB-Cytec in Belgium, until UCB sold its chemicals business. In 2005, she moved to...
Global Information
US$ 1.90 billion (2013)[1]