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Noveon Announces North American Price Increases for Resins

Published on 2005-01-19. Author : SpecialChem

CLEVELAND, OHIO -- Noveon will implement price increases for resins and polymers in North America, effective January 17, 2005. Products affected include those used in paint & coatings; specialty paper & adhesives; electronics; inks; overprint varnishes & coatings; and textile coatings.

The scheduled increases are as follows (wet lb., as-is basis):

Vycar® PVC Emulsions
$0.04
Vycar® Vinyl Acetate Emulsions
$0.04
Carboset® and Hycar® Acrylic Emulsions
$0.05
Carboset® Low Molecular Weight Graphic Arts Emulsions
$0.07
Hycar® Nitrile Emulsions
$0.04
Good-Rite® Styrene Butadiene Emulsions
$0.035
Sancure® Polyurethane Dispersions
$0.06
Carbobond® High Solids Dispersions
$0.14
Zinpol® Emulsions
$0.06

The increases are required to offset higher prices for crude oil and natural gas as well as key chemical raw materials such as acrylic acid and acrylate monomers, isocyanates, and other urethane intermediates. Also contributing to the increases are raw material shortages and plant outages.

The Lubrizol Corporation (NYSE: LZ) is a global provider of specialty chemicals and materials for a wide variety of markets and end-use applications, such as lubricant additives for engine oils, other transportation-related fluids and industrial lubricants, as well as fuel additives for gasoline and diesel fuel. In addition, Lubrizol makes ingredients and additives for personal care products and pharmaceuticals; specialty materials, including plastics technology; performance coatings in the form of specialty resins and additives; and additives for the food and beverage industry. Lubrizol's industry-leading positions in additives, ingredients and compounds enhance the quality, performance and value of customers' products, while reducing their environmental impact.

Headquartered in Wickliffe, Ohio, The Lubrizol Corporation owns and operates manufacturing facilities in 22 countries, as well as sales and technical offices around the world. Founded in 1928, Lubrizol has more than 7,700 employees worldwide. In June 2004, Lubrizol acquired Noveon International, Inc. With Noveon, Lubrizol generated pro forma revenues of $3.2 billion in 2003 and $2.8 billion in the first nine months of 2004.

This press release contains forward-looking statements within the meaning of the federal securities laws. As a general matter, forward-looking statements relate to anticipated trends and expectations rather than historical matters. Forward-looking statements are subject to uncertainties and factors relating to the company's operations and business environment that are difficult to predict and may be beyond the control of the company. Such uncertainties and factors may cause actual results to differ materially from those expressed or implied by forward-looking statements. Uncertainties and risk factors that could affect the future performance of the company and cause results to differ from the forward-looking statements in this press release are more fully described under "Risk Factors" contained in the company's Registration Statement on Form S-3, as amended, filed with the Securities and Exchange Commission on August 24, 2004,

Source: The Lubrizol Corporation


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