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Momentive Specialty Chemicals To Raise Prices For AXILAT(TM) Dispersions and Powders in Europe

April 27, 2011 at 6:54 PM EDT

COLUMBUS, Ohio - (April 27, 2011) - Momentive Specialty Chemicals Inc. announced today that effective May 2011, or as contracts allow, it will increase prices for its complete range of  AXILAT(TM) dispersion and redispersible powders. The increase will be between € 100/Mt and € 200/Mt, depending the product line. The AXILAT(TM) brand includes acrylic dispersions, vinyl acetate based dispersions, styrene butadiene dispersion and redispersible powders.
 
This action is driven by ongoing increase of raw materials. It will allow Momentive Specialty Chemicals to continue providing a comprehensive service for the benefit of its customers.

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.hexion.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 own 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.

Contact:
Jeroen Triesscheijn
Vice President Dispersions & Monomers Europe
+31 10 2954160

Peter Loscocco
Vice President, Public Affairs
+1 614.225.4127