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COMAC Selects Cytec for C919

Dépèche transmise le 4 avril 2012 par Business Wire

COMAC Selects Cytec for C919

WOODLAND PARK, N.J.--(BUSINESS WIRE)--Cytec Industries Inc. (NYSE:CYT) announced today that its Engineered Materials business has been awarded a long-term agreement to supply certain high-performance, structural composite and adhesive materials for the Commercial Aircraft Corporation of China, Ltd. (COMAC) C919 commercial aircraft. The contract with Shanghai Aircraft Manufacturing Co., Ltd. (SAMC), a subsidiary of COMAC, is for a ten year term and majority of their composite material requirements.

“We are honored to be selected to support COMAC and are pleased our product solutions bring value to the C919 program”

“We are excited to be a key supplier to COMAC’s C919 program,” said Shane Fleming, President and CEO of Cytec Industries Inc. “This agreement is further evidence of Cytec’s growing position as a supplier of structural composites and adhesives to the global commercial aerospace market.”

COMAC is developing the single aisle C919 commercial airliner to meet growing air transportation demand in the region and intends to certify the aircraft to western standards for export sales. To date, COMAC has 235 orders for the C919. The aircraft is currently in design validation.

Cytec’s materials will be used by Shanghai Aircraft Manufacturing Company to build both primary and secondary composite structures for the C919. “We are honored to be selected to support COMAC and are pleased our product solutions bring value to the C919 program,” said Bill Wood, President of Cytec’s Engineered Materials. Cytec’s complimentary structural adhesives, primers and surfacing films will also be used. As part of the agreement, Cytec’s authorized distributor in China, Argosy International Inc., will provide sales and logistics support for material procurement.

Forward-Looking and Cautionary Statements

Except for the historical information and discussions contained herein, statements contained in this release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Achieving the results described in these statements involves a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in Cytec’s filings with the Securities and Exchange Commission.

Corporate Profile

Cytec’s vision is to deliver specialty chemical and material technologies beyond our customers’ imagination. Our focus on innovation, advanced technology and application expertise enables us to develop, manufacture and sell products that change the way our customers do business. Our pioneering products perform specific and important functions for our customers, enabling them to offer innovative solutions to the industries that they serve. Our products serve a diverse range of end markets including aerospace composites, structural adhesives, automotive and industrial coatings, electronics, inks, mining and plastics.