Industry News

Momentive Specialty Chemicals, Inc. to Raise Prices for Polyester and Vinyl Ester Resins in North America

Published on 2010-11-19. Author : SpecialChem

Columbus, Ohio -- Momentive Specialty Chemicals, Inc. announced it that effective December 15, 2010, it will raise prices for unsaturated polyester resins and vinyl ester resins by six cents per pound.

"While demand in our domestic market has remained soft, strong demand in other regions of the world coupled with reduced supply has led to dramatic increases in feedstock cost. This combined with the weakness of the dollar has led to increased costs for raw materials which we can not absorb and make the price increase necessary, We expect the difficult supply situation to continue well into 2011. We will continue to do everything we can to provide value for our customers now and in the future." said Gerhard Bohme, Business Director North America, Composite Polymers.

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.

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.

Source: Momentive Specialty Chemicals, Inc.

Improve your performance with water soluble epoxy compounds
Back to Top