Momentive Specialty Chemicals To Raise Prices For Powder Polyester Resins in Europe, the Middle East and Africa
COLUMBUS, Ohio – –Momentive Specialty Chemicals Inc. announced today that it will increase prices for its Albester™, Albester SilkyMatt™, Albemast™, Albecor™ and Albecor-Bio™ powder polyester resins in Europe, the Middle East and Africa (EMEA) region by 0,10 to 0,15 €/Kg depending on the product, effective October 15th, 2012 or as contracts allow.
The pricing adjustment is driven by cost increases in feedstock, energy and transport costs.
Albester™, Albester SilkyMatt™, Albemast™, Albecor™ and Albecor-Bio™ powder polyester resins are used in a wide range of applications in the building, agriculture and automotive industries. These products contribute to sustainability and energy efficiency by utilizing advanced environmental technology such as bio-based materials and low-energy curing, and are backed by strong technical service and applications support.
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.
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