Issue Date: April 9, 2012
Cytec Gets Indian Mining-Chemical Firm
Cytec Industries has acquired Star Orechem International, an Indian chemical maker, for $37 million. Cytec says the acquisition will increase its capacity for metal extraction chemicals by 25%. Use of solvent extractants to treat copper-containing ore is rising, according to the firm, which expects its separations business to grow at a double-digit rate over the next few years. Cytec says the acquisition will allow it to better supply mining customers in Africa and the Asia-Pacific region.
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