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Business
Cytec to cut stabilizers
July 10, 2006
| A version of this story appeared in
Volume 84, Issue 28
Cytec Industries will end production of two older-technology polymer light stabilizers in Botlek, the Netherlands, by the end of the third quarter. As a result, the company will cut 65 positions and take a pretax charge of $22 million. Cytec will continue to manufacture one of the additives, Cyasorb UV-5411, at its Willow Island, W.Va., site. It will discontinue making the other, Cyasorb UV-1084. The Botlek site will continue to produce water treatment chemicals, acrylamide, rubber adhesion promoters, and specialty additives.
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