Cytec Industries, a member of the Solvay Group, files patent infringement lawsuit against Sunshow Specialty Chemical in Shenz...
September 14 2016 - 8:00PM
Business Wire
Cytec Industries Inc., a member of the Solvay Group, has filed a
patent infringement lawsuit on behalf of its Polymer Additives
business group in the Shenzhen Intermediate People's Court against
Yantai Sunshow Specialty Chemical Co., Ltd. (Sunshow) following a
lengthy investigation. The lawsuit, which requests injunctive
relief, damages and attorneys’ fees, alleges that Sunshow is making
and/or selling a product in violation of Cytec’s patent covering
its CYASORB CYNERGY SOLUTIONS® V703 product - as verified by
independent laboratory analysis.
“We take protection of our intellectual property very
seriously,” said Domenico Romanino, Senior Vice President of
Additive Technologies for Solvay Technology Solutions. “Solvay and
its subsidiaries have invested heavily in terms of both time and
money to develop its CYASORB CYNERGY SOLUTIONS® product platform
and we rely on patents to help recoup our investment in new product
development ventures that bring benefit to our customers around the
world. When companies do not respect our patent rights, the Solvay
Group will vigorously enforce those rights to the fullest extent of
the law.”
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An international chemical and advanced materials company, Solvay
assists its customers in innovating, developing and delivering
high-value, sustainable products and solutions which consume less
energy and reduce CO2 emissions, optimize the use of resources and
improve the quality of life. Solvay serves diversified global end
markets, including automotive and aerospace, consumer goods and
healthcare, energy and environment, electricity and electronics,
building and construction as well as industrial applications.
Solvay is headquartered in Brussels with about 30,900 employees
spread across 53 countries. It generated pro forma net sales of €
12.4 bn in 2015, with 90% made from activities where it ranks among
the world’s top 3 players. Solvay SA (SOLB.BE) is listed on
Euronext in Brussels and Paris (Bloomberg: SOLB.BB -
Reuters: SOLB.BR).
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