COLUMBUS, Ohio – (April 15, 2010) – Hexion Specialty Chemicals, Inc. announced today that effective May 3, or as contracts allow, it will increase the price for all of its polyester and vinyl ester resins for the composites market by up to $.10 (ten cents) per pound.
The price increase is made necessary by ongoing increases in the cost for a wide variety of monomers and raw materials, said Gerhard Bohme, Business Director North America, Composite Polymers. Many raw materials are on allocation or force majure and strong demand overseas combined with reduced refining capacity domestically keeps driving costs higher despite weak demand in North America.
Hexion remains committed to delivering value to our customers and we appreciate their patience as we work through these difficult supply issues. Please contact your Hexion sales representative for details.