Exhibit 12 Cytec Industries Inc. Computation of Ratio of Earnings to Fixed Charges (Dollar amounts in millions) Three Months Ended Six Months Ended June 30, June 30, ----------------------------------- ------------------------------------ 2007 2006 2007 2006 --------------- ------------------- ---------------- ---------------- Earnings (loss) from continuing operations before income taxes, minority interest and equity in earnings of associated companies $ 79.3 $ 58.6 $ 147.1 $ 111.8 Add: Distributed income of associated companies 2.9 1.9 2.9 1.9 Amortization of capitalized interest 0.6 0.5 1.2 1.1 Fixed charges 13.0 16.8 26.0 33.4 Less: Capitalized interest (0.6) (0.4) (1.2) (0.7) Minority interest (0.1) (0.2) (0.2) (0.4) -------------- --------------- --------------- --------------- Earnings as adjusted $ 95.1 $ 77.2 $ 175.8 $ 147.1 Fixed charges: Interest on indebtedness including amortized premiums, discounts and deferred financing costs (1) $ 11.7 $ 15.6 $ 23.4 $ 31.0 Portion of rents representative of the interest factor 1.3 1.2 2.6 2.4 -------------- --------------- --------------- --------------- Fixed charges $ 13.0 $ 16.8 $ 26.0 $ 33.4 Ratio of earnings to fixed charges 7.3 4.6 6.8 4.4 ============== =============== =============== =============== (1) Interest on FIN 48 liabilities are not included as they are recognized as part of income tax expenses.