Hexion Specialty Chemicals Announces Price Increases For North American Coatings Resins
COLUMBUS, Ohio -(March 24, 2010) - Effective April 20, 2010, or as contracts allow, Hexion Specialty Chemicals, Inc.’s North America Coatings business will implement price increases on the following product lines:
|Vinyl Acrylic Latexes||$0.03 per wet pound|
|Acrylic & Styrene-Acrylic Latexes||$0.07 per wet pound|
|Solution Acrylic Resins||Up to $0.20 per pound|
|Liquid Polyester Resins||Up to $0.15 per pound|
|Polyester Powder Resins||Up to $0.12 per pound|
|Modified Alkyds||Up to $0.08 per pound|
|All other Alkyds||Up to $0.07 per pound|
These price changes are necessary due to the limited availability and significant ongoing cost escalation of key raw materials used in the production of these coating resins.
About Hexion Specialty Chemicals, Inc.
Based in Columbus, Ohio, Hexion Specialty Chemicals is the global leader in thermoset resins. Hexion 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.
Robert W. Page, Jr.
Marketing Manager - Coatings, North America
VP, Public Affairs