The price increase is US$0.08/lb will take place on 16 May 2011.
“A continued shift to lighter feedstocks has led to supply constraints in basic raw materials, particularly propylene, xylene and naptha," reports Gerhard Bohme, Business Director North America, Composite Polymers, Momentive Specialty Chemicals. "This tightness continues to drive increasing prices for the chemical intermediates we use to produce resins.”
Momentive Specialty Chemicals, based in Columbus, Ohio, USA, specialises in thermoset resin technologies for a range of applications and industries.