1 REL | Cytec Case Study Funding future growth In the second half of 2008, Cytec foresaw a strong downward trend in the economy and its business activity. Cytec’s businesses tend to be cyclical, although not all fit in the same part of the economic cycle. Senior management knew that focusing on cash would be critical to riding out the coming downturn and positioning the company for an eventual recovery. The market having reduced its

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