From the notebook of business editor Tim Rausch

North Augusta plant recognized by state chamber

The South Carolina Chamber of Commerce thinks the Cytec Industries plant in North Augusta is a swell place.

 

Cytec is the Small Manufacturer of the Year, announced Wednesday by the state chamber.

 

Cytec makes chemicals and materials that end up in adhesives, paints, inks, plastics and other industrial coatings.

 

The Medium Manufactrurer of the Year is one county over, Holcim Inc., located in Orangeburg. They make more cement than anyone in the state.

Boeing South Carolina in North Charleston got the state chamber’s award for large scale manufacturer.

 

 

CYTEC BUYERS EMERGE: Speaking of Cytec, some international media organizations are reporting the short list of possible buyers of the coating resins division of Cytec, which involves North Augusta.

 

The Wall Street Journal went to those “sources close to the matter” to report that Cytec, which is based in New Jersey, could get $1.3 billion for selling off the whole division, which it has been trying to do since May.

 

The bidders include Blackstone Group, Rhone Group, Advent International Corp. and Apollo Global Management, which are private-equity firms, as well as Mitsubishi Chemical Holdings Corp.

 

Cytec is selling off its additives division so that it can be an engineered materials company.

 

 

SCHOOL DAYS: Audrey Chaplin, the owner of School Days, said the city’s school supplies store will stay open in Village West Shopping Center for the next four years, when the lease on her space finally runs out.

 

Next door neighbor Weinberger’s Furniture and Mattress Showcase is in the process of moving out. And the shopping plaza has been under the knife for several months as Goodwill Industries turns it into a college to go alongside its retail store on the other end.

 

Despite all the activity around her store, she’s still open and not moving. 

 

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