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Resolution Performance Products LLC Announces Price Increases on its Performance Products Line in the Americas

Published on 2004-11-02. Author : SpecialChem

HOUSTON -- Effective December 1, 2004, or as contracts allow, Resolution Performance Products LLC will increase the off- list prices of its performance products line in the Americas as follows:

EPON™ Epoxy Resin Solutions
10 cpp (cents per pound)
EPON™ Epoxy Resin Blends
10 cpp
EPON™ Brominated Epoxy Resin Solutions
10 cpp
EPON™ Specialty Liquid Epoxy Resins
10 cpp
EPON™ Epoxy Acrylate Resins
10 cpp
HELOXY™ Modifiers
10 cpp
EPON™ High Performance Resins
5 %
EPIKURE™ Specialty Epoxy Curing Agents
5 %

Additionally, RPP will increase list and off-list prices of its EPIREZ(TM) Waterborne Resins by 10 cents per pound.

"Continued improvement in global epoxy demand, which is now at its highest level in four years, has tightened the normal supply-demand dynamics in the industry. Despite tight supply of many key raw materials, RPP has been able to secure steady supplies for its valued customers. However, further price increases are necessary to mitigate the margin erosion caused by unprecedented and relentless escalation in raw material costs," says Bradley Crocker, Business Manager for Performance Products.

Resolution Performance Products is the leading worldwide manufacturer and developer of epoxy resins and is also the leading global manufacturer of versatic acids and derivatives. Epoxy resins are chemicals primarily used in the manufacture of coatings, adhesives, printed circuit boards, fiber reinforced plastics and construction materials. The Company, with approximately 900 employees, has operations in the United States, Europe and Asia.

Certain statements in this press release may contain forward-looking statements within the meaning of the Private Securities Legislation Reform Act of 1995. These statements are based on the Company's current expectations and involve risks and uncertainties that could cause the Company's actual results to differ materially from those set forth in the statements. The Company can give no assurances that such expectations will prove to be correct. Factors that could cause the Company's results to differ materially from current expectations include: general economic and business conditions, industry trends, raw material costs and availability, changes in demand for its products, actions of its competitors and the additional factors and risks contained in the Company's Registration Statement on Form S-4 declared effective July 2, 2003.

Source: Resolution Performance Products LLC

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