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Markets & companies, Raw materials market

Cytec Coating Resins establishes new identity as “Allnex”

Friday, 31 May 2013

The divestiture of the Coating Resins business of Cytec Industries to funds affiliated with Advent International was first announced in October 2012 and completed on 3 April 2013. The adoption of the new name "Allnex”, effective 1 June 2013, is the first step towards establishing the company’s new identity.

Effective 1 June, Cytec Coating Resins is operating as Allnex. Source: Allnex

Effective 1 June, Cytec Coating Resins is operating as Allnex. Source: Allnex

The search for a name began with an employee contest in November 2012 that generated more than 300 possibilities. "We are excited about our new name,” states CEO Frank Aranzana. "We believe that it reflects who we are, what we stand for, and what we want to achieve.”

"Because a company name is one of the most visible aspects of its reputation, it was very important to take the time to consider the company’s identity, mission and future ambitions in the selection process,” added Frank Aranzana. "We believe that Allnex is the one name that we can all stand behind and be proud of.”

As a global coating resins company that offers multiple products all under one roof, Allnex did not only choose a new name, but also added the slogan ‘All About Resins’.

About Allnex

A global company with USD 1.5 billion in sales, Allnex is a supplier of resins for architectural, industrial, OEM and special purpose coatings. Calling themselves a "specialty chemicals pioneer” Allnex offers a broad portfolio of liquid resins and additives, radiation cured and powder coating resins, and crosslinkers for use on wood, metal, plastic, and other surfaces. Their manufacturing facilities and research and technology support centers are located throughout the world.

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Additional information on aspects of Allnex’s new identify will be provided as it becomes available. In the meantime, www.allnex.com provides updates on additions and improvements to the company’s portfolio of products and services.

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