Skip to main content
Sister Publication Links
  • Middle East Foam & Polyurethane
  • UTECH Asia/PU China
  • UTECH Europe
  • UTECH Las Americas
Subscribe
  • My Account
  • Login
  • Subscribe
  • Ukraine
  • News
    • Asia
    • Americas
    • Europe
    • M & A
    • Financial results
    • Automotive
  • Data
  • Information
    • Country Overview
    • Market Sector overviews
    • Technical articles
    • Company profiles and strategies
  • Events
    • Exhibitions
    • Conferences
    • Webinars / Livestreams
    • Become a Speaker
  • Advertise
  • Contact Us
  • Issues
  • Subscribe
MENU
Breadcrumb
  1. Home
  2. News
April 23, 2010 12:00 AM

Cytec makes positive start to 2010

Utech Staff
  • Tweet
  • Share
  • Share
  • Email
  • More
    Print

    Woodland Park, New Jersey -- Cytec Industries Inc.'s Coatings Resins business, which includes most of the company's polyurethane activities, has reported sales up by 38 percent to $341 million in the first quarter of 2010 (Q4), compared to the same period last year.

    Operating earning increased to $16.8 million, compared to a loss of $20 million in the first quarter of 2009, a 22 April company statement said.

    Selling volumes were up 42 percent year-on-year, "due to improved demand versus the destocking activities that occurred in 2009," Cytec said. Selling prices were down 9 percent, compared to Q4 2009, in response to competitive pressures, the New Jersey-based company said.

    Overall, Cytec reported Q4 sales of $786.8 million, up from $612 million in the same quarter of 2009.

    "We had an excellent start to the year, our structural improvement initiatives are in place, our balance sheet is strong, and we continue to build momentum in 2010," said Cytec ceo, Shane Fleming. (RD)
    "

    Recommended for You
    UTECH Awards 2024 nominations open
    UTECH Europe 2024 – Polyurethane Awards open for entries
    corn maize 800
    BASF deal with Qore secures supply of raw material for biobased TPU
    Novel XDI-based crosslinker creates flexible adhesives with good recovery
    Novel XDI-based crosslinker creates flexible adhesives with good recovery
    Latest Issue
    urethanes technology
    Get the latest edition here
    View All Archives
    Get our newsletters

    Breaking news and in-depth coverage of essential topics delivered straight to your inbox.

    Subscribe today

    Register to access our archive of leading information on the polyurethanes industry.

    Subscribe now
    Connect with Us
    • Twitter
    • LinkedIn
    • Facebook
    • Youtube

    Follow us on social media for the latest polyurethanes industry news and event updates.

    Logo
    Contact Us

    Crain Communications
    11, Ironmonger Lane
    London
    EC2V 8EY
    United Kingdom

    Editorial
    Phone +44 (0) 20 3287 5935
    Email click to send

    Customer Service
    Phone +1 313 446 0450
    Email click to send

    Resources
    • Advertise with Us
    • Media Kit
    • Staff
    • Careers
    • Ad Choices
    • Sitemap
    Legal
    • Terms and Conditions
    • Privacy Policy
    • Privacy Request
    Copyright © 1996-2023. Crain Communications, Inc. All Rights Reserved.
    • Ukraine
    • News
      • Asia
      • Americas
      • Europe
      • M & A
      • Financial results
      • Automotive
    • Data
    • Information
      • Country Overview
      • Market Sector overviews
      • Technical articles
      • Company profiles and strategies
    • Events
      • Exhibitions
      • Conferences
      • Webinars / Livestreams
      • Become a Speaker
    • Advertise
    • Contact Us
    • Issues
    • Subscribe