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Company:
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CYTEC INDUSTRIES INC/DE/ (CYT)
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Form Type:
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10-Q
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Filing Date:
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10/31/2007
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CIK:
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0000912513
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Address:
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FIVE GARRET MOUNTAIN PLAZA
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City, State, Zip:
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WEST PATERSON, New Jersey 07424
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Telephone:
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(973) 357-3100
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Fiscal Year:
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12/31
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Last Trade
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Last Trade:
$37.62
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Change:
1.12 (3.07%)
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Trade Time:
Feb 09
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Market Cap:
$1.86B
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Description of Business
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We are a global specialty chemicals and materials company focused on developing,
manufacturing and selling value-added products. Our products serve a diverse
range of end markets including aerospace, adhesives, automotive and industrial
coatings, chemical intermediates, inks, mining and plastics. We use our
technology and application development expertise to create chemical and material
solutions that are formulated to perform specific and important functions for
our customers. We operate on a global basis with 36% of our 2007 revenues in
North America, 44% in Europe, 14% in Asia-Pacific and 6% in Latin America. We
have manufacturing and research facilities located in 18 countries. We had net
sales of $3,503.8 million and earnings from operations of $324.1 million in
2007, including a gain of $13.6 million on the sale of our water treatment and
acrylamide product lines. Cytec was incorporated as an independent public
company in December 1993.
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