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Cytec Acquires Manufacturing Assets in India

5:54 AM MDT | April 2, 2012 | Deepti Ramesh

Cytec Industries says it has completed the acquisition of the manufacturing assets of specialty chemicals firm Star Orechem International, at Nagpur, India for about Rs1.84 billion ($37 million). The acquisition will increase Cytec's global capacity for its metal extraction product line by about 25% and it provides the ability to further expand production at the site, Cytec says. “This acquisition enables us to meet the strong growth we are seeing for our extractant products coming from increased use of this technology in both new copper mining projects as...

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