Momentive Specialty Chemicals To Raise Emulsion Polymer Prices For Adhesive, Textiles, Nonwovens, and Construction Markets in North America
COLUMBUS, Ohio – (April 27, 2011) – Effective May 15, 2011, or as contracts allow, Momentive Specialty Chemicals Inc.’s North American Dispersions Business will increase its prices by six to eight cents per wet pound in the United States and Canada for all acrylic, styrene acrylic, vinyl acrylic and other polymers used in the adhesives, textiles, nonwovens and construction markets. This pricing action is driven by significant and sustained increases in raw material costs over the last several months, most notably for propylene, surfactants and acrylic monomers.
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 that own Momentive Performance Materials and Hexion Specialty Chemicals. The company is controlled by investment funds affiliated with Apollo Global Management, LLC.
Wayne Steinberg, Business Director
Vice President, Public Affairs