- March 07, 2011
FAIRLAWN, OH | OMNOVA Solutions’ Specialty Chemicals business today announced a price increase of $0.06 per dry pound for styrene butadiene emulsion polymers. The increase is effective March 14, 2011, for all specialty markets including coatings, tape and adhesives, nonwovens and construction, and is necessitated by the continuing escalation of chemical feedstock costs, specifically styrene and butadiene monomers, says the company.
Also effective March 14, OMNOVA is announcing a 2% price increase for Plioway and Pliolite acrylic copolymer dry resins, and a $0.03 to $0.05/lb. increase on Pliotec acrylic and styrene acrylic lattices, depending on the grade. This increase is necessary to offset the rise in the cost of raw materials which are used in the production of these products.
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 3,060.