Momentive Specialty Chemicals Inc. to Raise Prices for BPA and Epoxy Resins in Europe, the Middle East and Africa
Columbus, Ohio (March 25, 2011) - Effective April 1 2011, or as contract terms allow, Momentive Specialty Chemicals will increase prices of epoxy resin grades by 200 USD/MT and bisphenol A (BPA) by 100 EUR/MT across the European, Middle Eastern and African regions. This increase is driven by continued tightness in the market and pressure on cost and availability of underlying feedstocks.
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.
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