JEC COMPOSITES MAGAZINE - Issue #77 - December 2012 - 4

point of view: strategy

Cytec: expanding its
footprint on Composite market
Cytec announced a high number of new developments over the past months, including the restart of your carbon fibre expansion, the sale of its pressure-sensitive adhesive product line, the acquisition of Umeco, and the strategic collaboration with Jaguar Land Rover. Coatings & Inks and Aerospace sectors roughly represented 50 and 25% respectively of its activities, in 2011. Let see with Mr. Shane D. Fleming, Chairman, President and CEO of Cytec what is his vision for his company.

interview
Shane D. Fleming, Chairman, President and CEO Cytec Industries Inc.

JEC Composites Magazine: It seems Cytec has a particularly strong focus on engineered materials and especially composites. Do you want to increase the footprint of these materials on your sales?

“Composites industry… require higher performing materials and automated processes for an expanded set of applications”

About Cytec
Cytec’s vision is to deliver specialty material and chemical technologies beyond our customers’ imagination. Its focus on innovation, advanced technology and application expertise enables it to develop, manufacture and sell products that change the way our customers do business.

Its products serve a diverse range of end markets including aerospace and industrial materials, mining and plastics. In 2011, Cytec employed approximately 5,500 employees, owned 34 manufacturing facilities globally and generates sales of USD 3.07 billion. With the recent acquisition of Umeco, Cytec add approximately 850 employees, add 4 manufacturing facilities and should expect more than USD 350 million of revenues annually.

4 jec composites magazine / No77 December 2012

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Shane D. Fleming: It is certainly a very exciting time for our company as our portfolio has transformed significantly over the past year and a half. We will now have two thirds of our company revenues related to advanced materials for both aerospace and industrial markets. It is part of our strategy to focus our portfolio on growth businesses where we have technology and market leadership

positions and strong secular industry trends to drive growth. The current state of the composites industry and its evolution require higher performing materials and automated processes for an expanded set of applications. This is being driven primarily by the needs of commercial applications, such as aerospace and automotive. Increasing our footprint will involve further advances and combinations of technologies to meet the performance, design innovations, higher throughput rates and cost requirements of the next generation of composite applications. As one of the premier industry technology advocates and application engineering experts, we are committed to do just that.

JCM: Do you plan to diversify your application sectors into other areas, e.g. automotive as suggested by your recent collaboration with Jaguar Land Rover? Do you have other sectors in mind?

S.F.: Taking advantage of

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opportunities available in sectors adjacent to our core markets is a key part of our growth strategy as this allows us to leverage our established product and application technology leadership positions into new markets. An example of this is the automotive sector, where there is demonstrated demand for cost-effective composite materials suitable for high-volume production. The use of carbon fibre-based structural composites will play an instrumental role in reducing vehicle weight and

JEC COMPOSITES MAGAZINE - Issue #77 - December 2012

Table of Contents for the Digital Edition of JEC COMPOSITES MAGAZINE - Issue #77 - December 2012