Momentive Specialty Chemicals Inc. To Raise Prices For AXILATTM Dispersions in Europe
COLUMBUS, Ohio - (Jan 27, 2011) - Momentive Specialty Chemicals Inc., announced today that effective immediately, or as contracts allow, it will increase the price of its AXILATTM acrylic and styrene acrylic dispersions by € 80/Mt, acrylic dispersions for pressure sensitive adhesives by €100/Mt, vinyl acetate based dispersions by € 50/Mt, and styrene butadiene dispersions by €80/Mt.
This action is driven by cost increases 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.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.
Vice President Dispersions & Monomers Europe
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Vice President, Public Affairs