Momentive Specialty Chemicals Inc. To Raise Prices For Epoxy Resins and Related Products in Asia
Columbus, Ohio (March 8, 2011) - Momentive Specialty Chemicals Inc. announced today that it will increase prices for epoxy resins and related products in Asia effective April 1, 2011.
Prices for epoxy resin solutions, specialty liquids, waterborne resins, resin blends, high performance resins, and HeloxyTM modifiers and curing agents will be increased by $150 to $300 per metric ton, depending on the specific product and grade. The price adjustment is required due to continuing escalation in the cost of key raw materials.
All other terms and conditions of sale remain unchanged, 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.
Epoxy Specialty – Asia Pacific
Vice President, Public Affairs