Momentive Specialty Chemicals Inc. is increasing prices for Vinylic Co-Polymers Dispersions in Europe Middle East and Africa
COLUMBUS, Ohio – (March 13, 2014) – Momentive Specialty Chemicals Inc. (“Momentive Specialty Chemicals”) is increasing its pricing by 90 euros per metric ton in the Europe, Middle East and African markets for its Axilat™ Co-Polymer dispersion products used in coating applications.
Driven by increasing raw material costs, this pricing adjustment is effective immediately or as contracts allow. All other terms and conditions of sale regarding Axilat Co-Polymer products remain unchanged.
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.
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., 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.
Axilat™ is a trademark of Momentive Specialty Chemicals Inc.