Momentive Specialty Chemicals Inc. to Increase Prices For Epoxy Resins and Allylics Products in the Americas
Columbus, Ohio (April 14, 2011) – Momentive Specialty Chemicals Inc. announced today that effective May 1, 2011, or as contracts allow, the company will increase prices for its epoxy resins and allylics products in the Americas. This increase is driven by the continued cost increases of key raw materials as well as the continued tightness of the global and regional supply-demand balances of these materials.
|Allyl Chloride||$0.10 PER POUND|
|Epichlorohydrin||$0.15 PER POUND|
|EPON™ Liquid Epoxy Resins||$0.06 PER POUND|
|EPON™ Solid Epoxy Resins||$0.06 PER POUND|
|EPON™ Specialty Liquid Resins||$0.05 PER POUND|
|EPON™ Epoxy Resin Blends||$0.05 PER POUND|
|EPON™ Epoxy Resin Solutions||$0.05 PER POUND|
|EPON™ Brominated Epoxy Resins||$0.05 PER POUND|
|EPON™ High Performance Resins||$0.05 PER POUND|
|HELOXY™ Modifiers||$0.05 PER POUND|
|EPIKURE™ Amine Curing Agents||$0.05 PER POUND|
About Momentive Specialty Chemicals Inc.
Based in Columbus, Ohio, Momentive Specialty Chemicals is the global leader in thermoset resins. Momentive 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.momentive.com.
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 that owned Momentive Performance Materials and Hexion Specialty Chemicals. The company is controlled by investment funds affiliated with Apollo Global Management, LLC.
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