Press Releases
Cytec to Stop Production of Dry Xanthate
by Year End 2005
Replace Dry Xanthate with High-Performance, Selective Reagents
West Paterson, NJ, October 11, 2005 - Cytec Industries Inc.
(NYSE: CYT) announced today that it will cease development,
production and supply of dry xanthates, worldwide, effective
December 31, 2005. Cytec will, however, honor all existing
contracts for the supply of such materials.
"As our acquisitions over the last few years demonstrate, mining
chemicals is and will continue to be a core area of focus for
Cytec's long-term growth," said President of Cytec Performance
Specialties Shane Fleming. "Cytec is committed to offering new
and improved products that outperform existing offerings and
help our customers to maximize the return on their investment
with us. Our strategic decision to end production of dry
xanthate in favor of high-performance chemical specialties
underscores our long-term commitment to the mining industry."
Cytec has been employing its new proprietary FLOTATION MATRIX
100T process to analyze the operating parameters and mineral
recovery needs of customers, and to help develop customized
technologies that meet or exceed their requirements.
With more than 15 successful customer implementations, FLOTATION
MATRIX 100 has proven to be an effective tool for developing and
validating custom reagent products that generate bottom-line
operational improvements.
On the strength of this benchmark success, Cytec has decided to
discontinue its dry xanthate line as part of a strategy to
produce custom-blended reagents that offer higher selectivity
and are more cost-effective for customers. As such, Cytec will
no longer supply the following dry xanthate products: potassium
amyl, isopropyl and isobutyl xanthates (Cytec's AEROŽ 317, 343
and 350 promoters).
Cytec's manufacturing facility in Antofagasta, Chile, which had
been the primary location for production of dry xanthates, will
remain in operation. This facility - a key strategic asset for
Cytec - will be heavily involved in the production of custom
reagents as part of the FLOTATION MATRIX 100 initiative.
Corporate Profile
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.
Its growth strategies are based on developing technologically
advanced customer solutions for global markets including:
aerospace, coatings, mining, plastics and water treatment.
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