Issue Date: August 7, 2006
Cytec, DSM end partnership
Cytec Industries and DSM have terminated their 50-50 manufacturing joint venture, American Melamine Industries (AMEL). They have also stopped all legal action between them relating to the joint venture. In February, DSM filed suit against Cytec, seeking to end the venture early. Cytec will assume 100% ownership of AMEL's assets and liabilities and will receive $7.4 million. The AMEL plant is operated by Cytec and is located within the firm's Fortier complex, outside New Orleans.
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