Hexion Specialty Chemicals To Raise Prices For Cardura™, ACE™, VeoVa™ and Versatic™ Acid Products
COLUMBUS, Ohio - (February 12, 2010) - Hexion Specialty Chemicals, Inc., announced today that it will increase the prices of its CARDURA™ glycidyl ester, ACE™ hydroxyl acrylate monomer, VEOVA™ monomers and VERSATIC™ acids globally effective March 15, 2010 or as contract terms allow. This price increase is necessary due to the continued and recently accelerated increases of raw material prices.
Prices for all VeoVa, Cardura, Versatic Acid and ACE grades will increase by 150 Euro/mt or 200 USD/mt (equaling 9 cents per pound).
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.
VP, Public Affairs