Taps company veteran to lead efforts into new markets

June 11, 2009 - United States Of America

Cytec Engineered Materials (CEM), a business unit of Cytec Industries Inc has formed a new group to address the growing need for advanced materials within the industrial sector. The formation of this team is aligned with CEM’s overall strategy to accelerate growth by leveraging Cytec's competencies, product portfolio, market position and global footprint to capture high-quality technology- and performance-driven growth opportunities.

This new group, led by Steve Stone, Vice President, High Performance Industrial Materials, provides an opportunity to leverage the technologies of the Cytec portfolio across multiple industrial markets, such as wind, alternative energy, construction, marine and high performance automotive. Mr. Stone has been with Cytec for 20 years, serving in positions of increasingly greater responsibility in engineering, manufacturing, sales and commercial management. He most recently served as the Vice President, Performance Chemicals. He has substantial experience with industrial businesses.

Industrial designers and engineers constantly face the challenge of new applications that require weight, strength and cost optimized products and materials. The rapid development in alternative energy and other industrial markets is driving a new demand for technology creators to construct and design these applications.

“Customer needs and technology are bridging the aerospace and industrial segments,” says Stone. “There is an increased use of composites and adhesives in both markets and increasing demands for technology and higher performance.” Stone adds. “We decided to take advantage of the unique industrial technologies that exist across Cytec and combine them into an integrated platform that can service the industrial market. We feel our technologies and focus will allow us to bring value to the customers in the industrial market.”

The diverse product and service portfolio is comprised of unique prepregs, resin infusion, adhesives and gelcoats/top coats specifically focused on meeting the needs and escalating performance requirements of the industrial sector.