Cytec Surface Specialties Inc., a subsidiary of Cytec Industries Inc., announced price increases of between $0.08 and $0.23 per pound for its radiation curable product lines in North America, Mexico and Latin America effective Oct. 15, 2005.
Prices will advance for acrylated resins between $0.08 and $0.14 per pound, and for monomers between $0.10 and $0.23 per pound.
Escalating costs on acrylic acid, acrylate esters and polyols prompted the price hikes. Energy and transportation costs, aggravated by recent weather-related issues in the Gulf of Mexico, were also contributing factors.
This is the second price increase the company has announced this year. All adjustments have been necessary to offset the negative impact of volatile raw material and energy costs.