Momentive Specialty Chemicals Inc. To Raise Prices For Allyl Chloride, Epichorohydrin and BPA in North America
Columbus, Ohio (February 21, 2011) – Effective March 1, 2011, or as contracts allow, Momentive Specialty Chemicals Inc. will increase the price of allyl chloride and epichlorohydrin by 5 cents per pound and BPA (bisphenol A) by 10 cents per pound. This increase is driven by continued increases in the cost of key raw materials as well as continued tightness of the global and regional supply-demand balances of these materials.
|Allyl Chloride||$0.05 PER POUND for list & off-list prices|
|Epichlorohydrin||$0.05 PER POUND for list & off-list prices|
|Bisphenol A||$0.10 PER POUND for list & off-list prices|
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 owned by Momentive Performance Materials and Hexion Specialty Chemicals. The company is controlled by investment funds affiliated with Apollo Global Management, LLC.
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