FAIRLAWN, Ohio (March 11, 2008) — Omnova Solutions Inc.'s Specialty Chemicals business plans to increase prices by up to 5 percent on GenTac-brand vinyl pyridine latex and GenFlo-brand styrene butadiene latex products sold to the tire cord and MRG markets in North America.
The price hikes, which are in addition to those previously announced, will take effect April 1 or as contracts allow.
The increases are necessitated by the continuing escalation of chemical feedstock costs, specifically styrene and butadiene monomers, Omnova said.