Type Subsidiary Founded 1907 Parent organization Solvay S.A. | Area served Worldwide Revenue 1.9 billion USD (2013) Number of employees 3,600 | |
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Industry Chemicals, Materials, Aerospace, Automotive and Coatings Key people Shane D. Flemming
(President and CEO) Headquarters Woodland Park, New Jersey, United States Subsidiaries Cytec Industries BV, Cytec Surface Specialties SA | ||
Analyst insight citigroup inc raises 2010 2012 earnings estimate on cytec industries inc
Cytec Industries Incorporated, based in Woodland Park, New Jersey is 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".
Contents
- Analyst insight citigroup inc raises 2010 2012 earnings estimate on cytec industries inc
- Cytec industries ec 201 palletizing system
- References
Cytec currently has about 3,600 employees in Europe, North and South America, Asia and Australia.
In July 2015, Solvay announced its intent to acquire Cytec for a purchase price of US$5.5 billion. 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.