News
Hexion Specialty Chemicals Announces Price Increases for Cardura E10P, Versatic Acids, and Inks Resins
Hexion Specialty Chemicals announced today it will increase the prices of its Cardura and Versatic Acids prices globally effective June 15, 2006, or as contract terms allow. Hexion will increase prices for Versatic Acid grades by 100 Euro/mt., or 130 USD/mt. (equaling $0.06/lb.), and Cardura E10P will increase by 150 Euro/mt., or 200 USD/mt. (equaling $0.09/lb.).
"This price increase is necessary to recover continued high level of feedstock prices and is supported by the strong demand for our products," says Jorrit Klaus, Vice-President for Versatics Business.
Hexion Specialty Chemicals, Inc. also announced that it will increase prices for a variety of inks resins products in North and Latin America effective for all shipments July 1, 2006, or as contract terms allow. The price increase includes the following adjustments:
- Alkyds by $.02/lb. to $.03/lb.
- Rosins, Resins, Rosin Resins, and Resin Solutions by $.03/lb. to $.05/lb
- Heatset, Webfed, Quickset and Sheetfed Vehicles and Vehicle Compounds by $0.02/lb. to $0.05/lb.
- Prince Modified Rosin Esters by $0.20/lb.
- Polyamide Resins by $0.15/lb.
- Several Wax Compounds and Dispersions by $0.05/lb.
- Acrylic Polymers by $0.10/lb.
- Polyketone Resins by $0.05/lb.
- Waterbased Resin Solutions by $.02/lb.
- Sulfopolyester Resins and Dispersions by $.10/lb.
This increase is necessitated by the continued rise in the costs for raw materials and other factors. Hexion sales representatives will be contacting their customers with specific details.