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Cytec Industries history
Cytec Industries company history timeline
The spin-off occurred on December 17, 1993, but its arrival did not evoke any sense of a new beginning.
The Fortier sulfuric acid plant was converted into a Regen unit in 1993, allowing the site to recover waste acid from a neighboring plant.
In 1993, Cytec Industries Inc. was spun off from the American Cyanamid Company to produce sulfuric acid, acrylonitrile and melamine.
The aluminum sulfate business was the first to go, sold to GEO Specialty Chemicals, Inc. in mid-December 1996.
The transaction, which included a plant in Pensacola, Florida, was completed at the end of January 1997 for approximately $100 million.
With the acquisition of Fiberite, Cytec's specialty materials segment accounted for approximately 40 percent of total operating profits for 1997.
In October 1998 the company acquired The American Materials & Technologies Corporation (AMT) for roughly $30 million.
In 2004 the Bayer Group was reorganized, resulting in the spin-off of a large portion of its chemicals division.
The new company LANXESS was created and went public in 2005.
In 2011, Cytec Industries was renamed Cornerstone Chemical Company.
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Cytec Industries competitors
| Company Name | Founded Date | Revenue | Employee Size | Job Openings |
|---|---|---|---|---|
| The Dow Chemical Company | 1897 | $56.9B | 54,000 | 295 |
| FMC | 1883 | $5.8B | 6,500 | 46 |
| Albemarle | 1994 | $5.9B | 5,900 | 46 |
| Huntsman | 1970 | $8.0B | 9,000 | 79 |
| Chemtura Corp | 2005 | $1.7B | 2,500 | - |
| Avery Dennison | 1935 | $9.0B | 32,000 | 217 |
| CF Industries | 1946 | $11.2B | 3,016 | 90 |
| Celanese | 1918 | $9.7B | 7,714 | 44 |
| Church & Dwight Co. | 1846 | $5.4B | 4,700 | 108 |
| Koch Industries | 1940 | $115.0B | 100,000 | - |
Cytec Industries history FAQs
Zippia gives an in-depth look into the details of Cytec Industries, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Cytec Industries. The employee data is based on information from people who have self-reported their past or current employments at Cytec Industries. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Cytec Industries. The data presented on this page does not represent the view of Cytec Industries and its employees or that of Zippia.
Cytec Industries may also be known as or be related to CYTEC INDUSTRIES INC DE, Cytec Industries, Cytec Industries Inc, Cytec Industries Inc. and Cytec Industries, Inc.