COLUMBUS, Ohio--(BUSINESS WIRE)--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 to 7 cents (U.S. currency) per wet pound. This pricing action is effective Feb. 15, 2014, or as contracts allow, and it is driven by continued increases in raw material costs over the last several months.
About the Company
Based in Columbus, Ohio, Momentive
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.
About Momentive
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.