Coatings World - MAY 2013

industrial infrastructure already in place at the site, according to the company.

Former Cytec Industries
Coating Resins Business
Becomes Independent

The coating resins business that was formerly part of Cytec Industries Inc. announced that it has become an independent company with the completion of the previously announced sale from Cytec to funds affiliated with Advent International. The coating resins business, which will adopt a new brand name in the coming months, is one of the leading global producers of coating resins with a broad product portfolio and leading market and technology positions.

“Today is an exciting first step on our
journey as an independent company,” said
Frank J. Aranzana, chief executive officer
of the coating resins business. “We thank
Cytec for its many years of support and
now look forward to the next chapter
in our continued growth. We believe our
future holds great promise for our em-
ployees, our customers and our suppliers.
With the support of Advent, an investment
partner with proven expertise building
strong global chemicals companies, and
our talented employees around the world,
we intend to pursue and achieve the many
growth opportunities before us.”
The newly independent company reo-
prts that it is performing well. It is one of
the largest producers in a $30 billion glob-
al market that is growing strongly, as end
users seek cost-efficient and environmen-
tally friendly technologies for their coat-
ing processes and individual applications.
Advent and the new company see many
opportunities for further development.

The expansion focuses on the labs
for polymer binders which are primarily
used in construction chemical applica-
tions. The integrated Wacker Academy
training facility, which is also being ex-
panded, is furnished with a new practice
room and also offers an ideal platform
for industry-specific networking among
customers, distribution partners and
Wacker specialists, according to
the company. With the expan-
sion, the Brazil technical center
is increasing its local expertise
in applications technology, know-how
transfer and service, and thereby serves
the strongly growing markets for high-
quality silicone and polymer products in
South America. CW

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Wacker Expands Technical Center in Brazil Wacker Chemie AG is strengthening its presence in South America, and inaugurated its expanded technical center, including training center, near São Paulo, Brazil. The new regional competence center for South America combines research and development, applications technology, and a basic- and advanced-training facility for silicone and polymer applications under one roof.