Momentive To Raise Emulsion Polymer Prices for North American Adhesive, Textiles, Nonwovens, and Construction Markets
COLUMBUS, Ohio - (January 4, 2011) - Effective February 1, 2011, or as contracts allow, Momentive Specialty Chemical Inc.'s North American Dispersions business will increase prices by $US 0.06 (six cents) per wet pound in the United States and Canada for all acrylic, styrene acrylic, vinyl acrylic and other polymers used in the adhesives, textiles, nonwovens and construction markets. This action is necessary due to continued increases in the cost of raw materials used to manufacture these products.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /?>
About Momentive Specialty Chemicals Inc.
Based in <?xml:namespace prefix = st1 ns = "urn:schemas-microsoft-com:office:smarttags" /?>Columbus, Ohio, Momentive Specialty Chemicals is the global leader in thermoset resins. Momentive serves global industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries.
About the new Momentive
Momentive Performance Materials Holdings LLC is the ultimate parent company of Momentive Specialty Chemicals Inc. and Momentive Performance Materials Inc. (collectively, the “new Momentive”). The new Momentive is a global leader in specialty chemicals and materials, with a broad range of advanced specialty products that help industrial and consumer companies support and improve everyday life. The company uses its technology portfolio to deliver tailored solutions to meet the diverse needs of its customers around the world. The new Momentive was formed in 2010 through the combination of entities owned by Momentive Performance Materials and Hexion Specialty Chemicals. The company is controlled by investment funds affiliated with Apollo Global Management, LLC. Additional information about the new Momentive and its products is available at www.momentive.com and at www.hexion.com.
Peter F. Loscocco
Vice President, Public Affairs
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