Momentive Specialty Chemicals to Raise Prices For Epoxy Resin Products in the Americas
COLUMBUS, Ohio - (December 14, 2010) - Momentive Specialty Chemicals Inc. announced today it will increase prices in the Americas for its EPON™ liquid and solid epoxy resins effective January 1, 2011, or as contracts allow. In addition, Momentive will raise the price of BPA (bisphenol A) by $0.10 per pound effective January 1, 2011. These price adjustments are driven by the continued increase in the cost of key raw materials.
|Bisphenol A||$0.10 PER POUND|
|EPON™ Liquid Epoxy Resins||$0.07 PER POUND|
|EPON™ Solid Epoxy Resins||$0.07 PER POUND|
|EPON™ Epoxy Novolac Resins||$0.05 PER POUND|
About Momentive Specialty Chemicals Inc.
Based in Columbus, Ohio, Momentive Specialty Chemicals is the global leader in thermoset resins. Momentive serves global industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries.
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. Additional information about the new Momentive and its products is available at www.momentive.com and at www.hexion.com.
Peter F. Loscocco
Vice President, Public Affairs
614 225 4127