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Hexion Specialty Chemicals Announces Price Increases For North American Coatings Resins

March 24, 2010 at 1:57 PM EDT

COLUMBUS, Ohio -

(March 24, 2010) - Effective April 20, 2010, or as contracts allow, Hexion Specialty Chemicals, Inc.’s North America Coatings business will implement price increases on the following product lines:
Vinyl Acrylic Latexes $0.03 per wet pound
Acrylic & Styrene-Acrylic Latexes $0.07 per wet pound
Solution Acrylic Resins Up to $0.20 per pound
Liquid Polyester Resins Up to $0.15 per pound
Polyester Powder Resins Up to $0.12 per pound
Modified Alkyds Up to $0.08 per pound
All other Alkyds Up to $0.07 per pound

These price changes are necessary due to the limited availability and significant ongoing cost escalation of key raw materials used in the production of these coating resins.

About Hexion Specialty Chemicals, Inc.

Based in Columbus, Ohio, Hexion Specialty Chemicals is the global leader in thermoset resins. Hexion serves the global wood and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Additional information is available at www.hexion.com.

Contact:

Robert W. Page, Jr.
Marketing Manager - Coatings, North America
847-836-3643
Robert.Page@Hexion.com

Peter Loscocco
VP, Public Affairs
614-225-4127
peter.loscocco@hexion.com