Cytec Industries Inc. and its affiliated companies announced to its customers a selling price increase on all powder coating resins—Crylcoat powder resins; Additol powder resins additives; Modaflow additives and resins; and Uvecoat powder resins—sold in North America and Latin America. The increase is between US$0.10/lb - US$0.12/lb and became effective for shipments on or after April 1, 2012 or as contracts allow.
Cytec also implemented a selling price increase on a range of specialty coating resins and additives in the Americas. The changes are necessary to offset increasing costs of raw materials and feedstocks the company said. The increase will range from six to 12 percent depending on product family.
Included in the increase are: Additol coating additives; Beckopox waterborne epoxy dispersions; Cycat catalysts; Cydrothane polyurethane dispersions; Daotan polyurethane dispersions; Duroxyn waterborne epoxy-ester dispersions; Macrynal waterborne dispersions; Modaflow coating additives; Multiflow coating additives; PC Defoamer additives; Resydrol waterborne alkyd emulsions; Ucecryl waterborne alkyd emulsions; and Viacryl waterborne acrylic resins and emulsions.
These increases became effective for shipments as of April 1, 2012 or as contracts allow.
Cytec also hiked prices for its entire range of powder coating resins and additives sold in Europe, the Middle East and Africa. The price of all products in the range will be increased by 0.10 to 0.12 EUR/kg for shipments from Europe and by 0.13 to 0.15 USD/kg for shipments from Asia. The adjustment also became effective for all shipments as of April 1, 2012.