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Chemical Week Magazine :: Business & Finance :: Asia/Pacific

Cytec Acquires Production Assets in India

2:15 PM MDT | April 9, 2012 | —Deepti Ramesh

Fleming: To produce extractant products. Cytec Industries says it has acquired the manufacturing assets of specialty chemicals firm Star Orechem International (Nagpur, India) at Nagpur for about Rs1.84 billion ($37 million). The acquisition will increase global capacity for Cytec’s metal-extraction product line by about 25% and it provides the possibility to expand production further 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...

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