Momentive Specialty Chemicals Inc. To Raise Prices for Bisphenol A And Epoxy Resins in Europe, Middle East and Africa
Columbus, Ohio (January 25, 2010) - Momentive Specialty Chemicals Inc. will increase prices for Bisphenol A and Liquid, Solid and Solution Epoxy Resin grades by 200 Euro/MT, effective February 1, 2011 or as contract terms allow,. The pricing adjustment is driven by the continued cost increases of key raw materials.
Downstream products in the Epoxy Specialties portfolio also will be adjusted and revised prices will be communicated to customers on an individual basis, the company said.
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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