Momentive Specialty Chemicals to Raise Dispersion Polymer Prices for
Adhesive, Textiles, Nonwovens and other Specialty Markets in North America
COLUMBUS, Ohio -- January 21, 2013
Momentive Specialty Chemicals Inc. (“Momentive Specialty Chemicals” or the
“Company”) today announced that it will increase the prices in the United
States and Canada for all of its acrylic, styrene acrylic, vinyl acrylic and
other polymers used in the adhesives, textiles, nonwovens and other specialty
markets by 5 – 8 cents (U.S. currency) per wet pound. This pricing action is
effective Feb. 1, 2013, or as contracts allow, and it is driven by significant
increases in raw material costs over the last several months, most notably for
propylene, benzene, styrene, surfactants and acrylic monomers.
About the Company
Based in Columbus, Ohio, Momentive Specialty Chemicals Inc. (formerly known as
Hexion Specialty Chemicals, Inc.) is the global leader in thermoset resins.
Momentive Specialty Chemicals Inc. 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. Momentive Specialty Chemicals Inc. is an indirect wholly owned
subsidiary of Momentive Performance Materials Holdings LLC.
Momentive Performance Materials Holdings LLC (“Momentive”) is the ultimate
parent company of Momentive Performance Materials Inc. and Momentive Specialty
Chemicals Inc. 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. Its
technology portfolio delivers tailored solutions to meet the diverse needs of
its customers around the world. Momentive was formed in October 2010 through
the combination of entities that indirectly owned Momentive Performance
Materials Inc. and Hexion Specialty Chemicals, Inc. The capital structures and
legal entity structures of both Momentive Performance Materials Inc. and
Momentive Specialty Chemicals Inc. (formerly known as Hexion Specialty
Chemicals, Inc.), and their respective subsidiaries and direct parent
companies, remain separate. Momentive Performance Materials Inc. and Momentive
Specialty Chemicals Inc. file separate financial and other reports with the
Securities and Exchange Commission. Momentive is controlled by investment
funds affiliated with Apollo Global Management, LLC. Additional information
about Momentive and its products is available at www.momentive.com.
Momentive Specialty Chemicals Inc.
John Kompa, 614-225-2223
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