Cytec Industries

Cytec Industries Incorporated, based in Woodland Park, New Jersey was a speciality chemicals and materials technology company with pro-forma sales in 2004, including the Surface Specialties acquisition, of approximately $3.0 billion. Cytec is a result of its spin-off from American Cyanamid Company. It makes resins, plastics, and composite materials, especially for the aerospace industry and other users of specialty materials. It was listed in NYSE with stock symbol "CYT".

Cytec Industries, Inc.

Company type	Subsidiary
Traded as	NYSE: CYT
Industry	Chemicals, Materials, Aerospace, Automotive and Coatings
Founded	1907 - American Cyanamid Company, 1993 - Cytec
Headquarters	Woodland Park, New Jersey, United States
Area served	Worldwide
Key people	Shane D. Flemming (President and CEO)
Revenue	US$ 1.90 billion (2013)[1]
Number of employees	6,600+ (2012)
Subsidiaries	Cytec Engineered Materials
Website	http://www.cytec.com

In 2012, Cytec had about 6,600 employees^[2] in Europe, North and South America, Asia and Australia.

In December 2013, Cytec Industries  entered into a tactical partnership with Mubadala Development Company.^[3]

In July 2015, Solvay announced its intent to acquire Cytec for a purchase price of US$5.5 billion.^[4] In November 2015, Cytec Industries has obtain a shareholder's stake in Penso Holdings.^[5] In December 2015, Solvay successfully completed its acquisition of Cytec. Financing consists of the issuance of around €4.7 billion senior and hybrid bonds and the ongoing €1.5 billion right issue.^[6]