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Hexion Specialty Chemicals to Raise Prices for Epoxy Resins Products Globally

July 31, 2006 at 4:37 PM EDT

COLUMBUS, Ohio--(BUSINESS WIRE)--July 31, 2006--Hexion Specialty Chemicals, Inc. announced today it will increase the prices of its epoxy resins products in all regions effective September 1 or as contract terms allow.

In North America, Hexion will increase list and off-list prices for EPON(TM) liquid and solid epoxy resins by $0.07 per pound.

In Mexico, Central America, and South America Hexion will increase list and off-list prices for EPON(TM) liquid and solid epoxy resins by 150 $/mt.

In Europe, Hexion will increase prices for liquid, solid and solution epoxy resin grades by 150 Euro/mt.

In Asia, Middle East, and Africa, Hexion will increase prices for liquid, solid and solution epoxy resin grades by 200 $/mt.

These increases are in addition to all previously announced epoxy resin price increases, the most recent of which became effective August 1, 2006.

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:

Hexion Specialty Chemicals, Inc., Columbus
Peter Loscocco, 614-225-4127
peter.Loscocco@hexion.com

Source: Hexion Specialty Chemicals, Inc.