Omnova to increase prices up to US$0.08/wet lb. for all acrylic, styrene acrylic, vinyl acrylic emulsion polymers, US$0.04/wet lb. for vinyl acetate emulsion polymers and US$0.12/dry lb. for Plioway, Pliolite resins in US, effective Feb. 7

FAIRLAWN, Ohio , January 27, 2014 (press release) – OMNOVA Solutions’ Specialty Chemicals business today announced a price increase of up to $0.08 per wet pound for all acrylic, styrene acrylic, and vinyl acrylic emulsion polymers. Vinyl acetate emulsion polymers will increase up to $0.04 per wet pound. In addition, PLIOWAY® and PLIOLITE® resins will increase by up to $0.12 per dry pound. These increases are effective February 7, 2014 for all specialty markets in the U.S. including coatings, tape and 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 Inc. is a technology-based company with sales for the fiscal year ending November 30, 2013 of $1.0 billion and a global workforce of approximately 2,300. OMNOVA 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 on the internet at www.omnova.com.

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.