Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the wordpress-seo domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /var/www/html/wp-includes/functions.php on line 6260 Cytec Acquires Surface Specialties Business from UCB - Ink World Magazine

What are you searching for?

Sign in
Industry News

Cytec Acquires Surface Specialties Business from UCB

Author Image

By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

UCB announced Oct. 1 that it has signed an agreement to sell its Surface Specialties business to Cytec Industries Inc. for a total amount of R1.5 billion ($1.86 billion). The sale will be submitted for approval to the relevant competition authorities and is expected to be concluded by the end of December 2004.
    
Through in-house innovation and the acquisition of Solutia’s coating resins, additives and adhesives activities in 2003, Surface Specialties has built a leading position in these areas. It employs approximately 2,900 people and generated (excluding Films), a turnover of R1.1 billion ($1.37 billion) in 2003.
    
The present organization and facilities of Surface Specialties are expected to be maintained, including the division’s worldwide headquarters in Brussels. Ben Van Assche, the current CEO of Surface Specialties, will remain in charge of the division.
    
Based in West Paterson, NJ, Cytec is a global technology leader in specialty chemicals and specialty materials with sales in 2003 of $1.5 billion. Its growth strategies are based on developing technologically advanced customer solutions for global markets including aerospace, industrial coatings, plastics, mining and water treatment.
    
Cytec Industries employs approximately 4,500 people and operates manufacturing and research facilities in 10 countries.

Add us as a preferred source on Google

Get the latest Ink World magazine news, insights and analysis in your Google Search and AI experiences.

Add Ink World magazine as a preferred source on Google (opens in a new tab)

Keep Up With Our Content. Subscribe To Ink World magazine Newsletters