Cytec Industries Inc. announces a price increase for its entire range of Powder Coating Resins sold in the Americas.
Specifically, the price of all products in the range will be increased by $0.05/lb to $0.07/lb. The adjustment will be effective for all shipments as of March 1, 2013, or as contract terms permit. Note: This is in addition to any previously announced price adjustment.
According to Cytec, the price increase is necessary to compensate for the increase in raw material costs.