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Business

Cytec Gets Indian Mining-Chemical Firm

by Marc S. Reisch
April 9, 2012 | A version of this story appeared in Volume 90, Issue 15

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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