Momentive Specialty Chemicals To Raise Prices For Powder Polyester Resins in Europe, the Middle East and Africa
COLUMBUS, Ohio - December 22, 2010 - Momentive Specialty Chemicals Inc., announced today that it will increase prices for its Albester™, Albemast™, Albecor™ and Albecor-Bio™ powder polyester resins in Europe, the Middle East and Africa (EMEA). Effective today, or as contracts allow, prices will increase from 0,08 €/Kg to 0,10 €/Kg. These price adjustments are driven by the continued increase in the cost of key raw materials.
Albester™, Albemast™, Albecor™ and Albecor-Bio™ powder polyester resins are used in a wide range of applications in the building, agriculture and automotive industries. These products contribute to sustainability and energy efficiency by utilizing advanced environmental technology such as bio-based materials and low-energy curing, and are backed by strong technical service and applications support.
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. Additional information about the new Momentive and its products is available at www.momentive.com and at www.hexion.com.