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Cytec Industries to finish transaction of its coating resins unit by late Q4, 2012

May 29/2012

(chemmonitor) --  The US-based specialty chemicals company headquartered in New Jersey, Cytec Industries Inc., reached the decision to sell its coating resins unit instead of separating the business. The assistant in its sale process is the New York-headquartered company J.P. Morgan Securities LLC.

Cytec Industries Inc. plans to fulfill the deal by late 2012.

The selling of coating resins business will allow the company to concentrate fully on its composite materials production and to expand as well as develop its position in the global market.


Author:Anna Larionova
Category:General News
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