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Hexion Specialty Chemicals To Increase Epoxy Resin Prices in Asia

May 25, 2006 at 12:07 PM EDT

COLUMBUS, Ohio--(BUSINESS WIRE)--May 25, 2006--Effective June 1, 2006, Hexion Specialty Chemicals will increase the prices of its Base Epoxy Resins in Asia by 200 USD/mt. Specialty Epoxy Resins will be increased by 100-250 USD/mt.

"Significant raw material cost increases and the tight market for Epoxy Resins and its raw materials make these price increases necessary," said Lars Boetje, Business Manager, Base Epoxy Resins & Intermediates, Asia-Pacific.

About Hexion Specialty Chemicals, Inc.

Based in Columbus, Ohio, Hexion Specialty Chemicals 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. Hexion Specialty Chemicals is owned by an affiliate of Apollo Management, L.P. Additional information is available at www.hexion.com.

Contact:
Hexion Specialty Chemicals, Inc.
Base Epoxy Resins & Intermediates -Asia
Lars Boetje, 86 21 3318 4800
or
Hexion Specialty Chemicals, Inc.
Peter Loscocco, 614-225-4127

Source: Hexion Specialty Chemicals, Inc.