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Hexion Specialty Chemicals to Raise Prices For Resins and Catalysts in North America

December 10, 2007 at 12:00 AM EST

COLUMBUS, Ohio – (December 10, 2007) – Hexion Specialty Chemicals, Inc. today announced a Temporary Price Adjustment (TPA) on its resins and catalysts effective January 1, 2008, or as contract terms allow.  
Price increases include: Urea Formaldehyde Resins, $0.099/LB; Melamine Formaldehyde Resins, $0.1975/LB; Phenol Resorcinol Formaldehyde Resins, $0.05/LB; Para Formaldehyde (powder and liquid), $0.10/LB and $0.03/LB, respectively, and Non-para Formaldehyde Catalysts, $0.06/LB. 
Agricultural and overseas demand increase in urea, shortages in methanol, and volatility of the petrochemical supply have combined to make this TPA necessary, the company said.
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:
Dan Allen
Field Market Development Leader
Performance Adhesives
336-884-8918
Dan.allen@hexion.com

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

John Kompa
Director, Investor Relations
614-225-2223
john.kompa@hexion.com

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