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Hexion Specialty Chemicals To Raise Prices For Epoxy Resins in Europe, Middle East and Africa

May 19, 2006 at 10:10 AM EDT

COLUMBUS, Ohio - (May 19, 2006) - Hexion Specialty Chemicals announced today it will increase the prices of its epoxy resins in Europe, the Middle East and Africa effective June 1 or as contract terms allow.

Hexion will increase prices for liquid, solid and solution epoxy resin grades by 100 Euro/mt. Epoxy resin blends, specialty epoxy resins, casting resins, high performance resins, low brominated resins and epoxy diluents will increase by 200 Euro/mt.

In the Middle East and Africa, Hexion will increase prices for liquid, solid and solution epoxy resin grades by 150 $/mt. Epoxy resin blends, specialty epoxy resins, casting resins, high performance resins, low brominated resins and epoxy diluents will increase by 250 $/mt.

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:
Marc Wolswinkel
Product Manager, Epoxy Resins
Tel: +31 10 295 4128

Peter Loscocco
VP, Public Affairs
614-225-4127