Industry News

Hexion Specialty Chemicals to Raise Prices on Resins and Other Ingredients for Printing Inks

Published on 2005-11-29. Author : SpecialChem

COLUMBUS, Ohio -- Hexion Specialty Chemicals, Inc. announced that it will raise prices in the Americas effective January 1, 2006 for various resins and ingredients used in formulating printing inks.

"Ongoing cost increases for both raw materials and energy make these price increases necessary, despite our best efforts to mitigate the impact on our customers of these factors," said Dan Romani, Manager, Sales & Marketing.

The price increases range from three to twenty-five cents per pound, depending on the product. Affected products include all resins, solutions, vehicles and allied ingredients. Prices for certain specialty products may see larger increases, based upon formulation.

About Hexion Specialty Chemicals, Inc.

Based in Columbus, Ohio, Hexion Specialty Chemicals combines the former Borden Chemical, Bakelite, Resolution Performance Products and Resolution Specialty Materials companies into the global leader in thermoset resins. With 86 manufacturing and distribution facilities in 18 countries, Hexion 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. Hexion Specialty Chemicals is owned by an affiliate of Apollo Management, L.P.

Source: Hexion Specialty Chemicals

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