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| Company type | Subsidiary |
|---|---|
| NYSE: CYT | |
| Industry | Chemicals,Materials,Aerospace,Automotive andCoatings |
| Founded | 1907 -American Cyanamid Company, 1993 -Cytec |
| Headquarters | Woodland Park, New Jersey, United States |
Area served | Worldwide |
Key people | Shane D. Flemming (President andCEO) |
| Revenue |  US$ 1.90 billion(2013)[1] |
Number of employees | 6,600+ (2012) |
| Subsidiaries | Cytec Engineered Materials |
| Website | http://www.cytec.com |
Cytec Industries Incorporated, based inWoodland Park, New Jersey was a specialitychemicals and materialstechnology 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 fromAmerican Cyanamid Company. It makes resins, plastics, and composite materials, especially for the aerospace industry and other users of specialty materials. It was listed inNYSE with stock symbol "CYT".
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]
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