Issue Date: July 22, 2013
Cytec Industries has sold its Umeco distribution product line to Cathay Investments for $8.6 million. In another move related to its $439 million purchase of Umeco last year, Cytec is closing plants in Costa Mesa, Adelanto, and Huntington Beach, Calif., and moving production to Winona, Minn., and Tulsa. Some 120 employees are affected.
Wacker Silicones has strengthened the capabilities of its business development staff in Asia. The company says it has created . . .
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