Main > A1. CORP. INDEX. Cn-Cz > Crompton ./P > 2003. 10.27.2003. (OnLine V Exit)

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BUSINESS INFORMATION Cytec exits online venture

Cytec Industries is leaving the PolymerAdditives.com market-place that it established in 2000 with GE Specialty Chemicals and Albemarle. The company, which took a $1.7 million charge related to the joint venture last year, says it will sell its polymer additives through its own website. Similarly, Crompton, which obtained GE's one-third stake in PolymerAdditives.com when it bought GE Specialty Chemicals earlier this year, says it is also abandoning the online brokerage in favor of its own order-fulfillment platform. Akzo Nobel also sells through the website

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