Omnova to increase prices of emulsion polymers, all VP latex products by US$0.04-$0.14/lb., powdered resins by 3%, effective May 14
May 4, 2011
– OMNOVA Solutions’ Specialty Chemicals – Americas business today announced a price increase of $0.10 per dry pound for all styrene butadiene emulsion polymers and up to $0.04 per wet pound for all acrylic, styrene acrylic, vinyl acrylic, and vinyl acetate emulsion polymers. In addition, all vinyl pyridine (VP) latex products produced in the U.S. will increase by $0.14 per dry pound, and Pliolite® and Plioway® powdered resins will increase by 3%. These increases are effective May 14, 2011 for all specialty markets including coatings, tape & adhesives, floor care, graphic arts, nonwovens, textiles, construction, tire cord, and oilfield chemicals. This action is necessitated by the continuing escalation in the costs of key raw materials and is in addition to previously announced increases.
OMNOVA Solutions is a technology-based company with 2010 pro forma sales (including the recent ELIOKEM acquisition) of over US$1.1 billion and a global workforce of approximately 3,000. OMNOVA Solutions is an innovator of emulsion polymers, specialty chemicals and decorative and functional surfaces for a variety of commercial, industrial and residential end uses. Visit OMNOVA Solutions at www.omnova.com.