PRESS RELEASE
Cytec Industries Inc.
Five Garret Mountain Plaza
Woodland Park, New Jersey 07424
www.cytec.com
Release Date: July 8, 2014
Cytec and Dralon Announce Strategic Collaboration to Explore Opportunities for
Industrial Grade Carbon Fiber Production
July 8, 2014 – Woodland Park, NJ - Cytec Industries Inc. (CYT) announced today that they have
entered into strategic discussions with Dralon GmbH, the recognized German manufacturer of
acrylic fibers, to support the exploration and development of large tow industrial grade carbon
fiber.
Demand for large tow carbon fiber is projected to grow significantly in the coming years, driven
by increasing use in industrial markets such as automotive, whereby OEM manufacturers are
actively researching the technology to help them achieve lighter-weight vehicles with greater
fuel efficiency.
According to Shane Fleming, Chairman, President, and CEO of Cytec Industries, “Cytec offers a
strong channel to market given our position today of supplying high performance automotive
applications, as well as our decades of experience supplying carbon fiber composite technology
to the aerospace industry. We are actively pursuing the development of carbon fiber based
composites for the next addressable serial automotive market. Large scale adoption will
necessitate the need for a robust supply chain of industrial grade, or high tow fibers, that offer
low cost supply and continuity. We are therefore working with Dralon to evaluate the most
appropriate solution to address this market, including potential joint investment.
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Dralon’s manufacturing experience in acrylic fiber production, its rich brand identity, and ideal
location relative to the target market make for a good strategic partner to explore the
possibilities together, including conversion of an existing facility from acrylic to carbon fiber
production. As of now we envision operating the carbon fiber production as a separate entity
with opportunities to seek additional external partners.“
Stefan Braun, Dralon’s CEO adds “We are excited to develop a precursor and carbon fiber
business by leveraging our strong asset base, together with Cytec, a global leader in carbon
fiber-based materials. We are investigating conversion of existing Dralon acrylic fiber
production lines for the manufacture of high-quality heavy-tow precursor as well as investment
in new carbon fiber lines. With our local footprint, we will be able to offer superior security of
supply of high quality large tow carbon fiber to the European market. ”
About Cytec
Cytec’s vision is to deliver specialty material and chemical technologies beyond our customers’
imagination. Our focus on innovation, advanced technology and application expertise enables
us to develop, manufacture and sell products that change the way our customers do business.
Our pioneering products perform specific and important functions for our customers, enabling
them to offer innovative solutions to the industries that they serve. Our products serve a
diverse range of end markets including aerospace and industrial materials, mining and plastics.
For more information about Cytec please visit www.cytec.com.
About Dralon
Dralon GmbH is renowned as a recognized global manufacturer of acrylic fibers with two
German operations in Dormagen and Lingen.
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Innovation, consistent product optimization and reliability in service and supply have made
dralon® the market leader in acrylic fibers despite increasing competition. Their products cover
the entire range of dry-spun and wet-spun fibers.
For more information about Dralon please visit www.dralon.com
Contacts:
Jodi Allen
Cytec
Investor Relations
Tel: 1.973.357.3283
Jodi.allen@cytec.com
Petra Müller-Böttcher
Dralon GmbH
Tel. +49 2133 51 5130
info@dralon.com
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