Hexion Specialty Chemicals To Raise Prices For CARDURA™, ACE™, VEOVA™ and VERSATIC™ Acid Products
COLUMBUS, Ohio -(April 22, 2010) - Hexion Specialty Chemicals, Inc., announced today that it will increase the prices of its CARDURA™ glycidyl ester, ACE™ hydroxyl acrylate monomer, VEOVA™ monomers and VERSATIC™ acids globally effective May 15, 2010 or as contract terms allow.
Prices for all grades of these products will increase by 250 Euro/mt or 300 USD/mt (equaling 14 cents per pound).
This price increase is necessary due to continued and further accelerated increases of raw material costs and is supported by growing marketplace demand.
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.
VP, Public Affairs