Momentive Specialty Chemicals To Raise Prices for Allyl Chloride, Epichlorohydrin, Epoxy Resins and Bisphenol A in the Americas
COLUMBUS, Ohio – (January 10, 2011) – Momentive Specialty Chemicals Inc. today announced price increases for a number of its products in the Americas, driven by continued cost increases for key raw materials.
Effective January 15, 2011, or as contracts allow, Momentive will increase the prices of allyl chloride and epichlorohydrin by 10 cents per pound.
Effective February 1, 2011, or as contracts allow, the company will increase prices for Epoxy Resins and Bisphenol A, as follows:
|Bisphenol A||$0.10 PER POUND for list & off-list prices|
|EPON™ Liquid Epoxy Resins||$0.10 PER POUND for list & off-list prices|
|EPON™ Solid Epoxy Resins||$0.10 PER POUND for list & off-list prices|
|EPON™ Epoxy Resin Solutions||$0.10 PER POUND for off-list prices|
|EPON™ Epoxy Resin Blends||$0.10 PER POUND for off-list prices|
|EPON™ High Performance Resins||$0.10 PER POUND for off-list prices|
|EPI-REZ™ Waterborne Resins||$0.05 PER POUND for off-list prices|
About Momentive Specialty Chemicals Inc.
Based in 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
614 225 4127