FAIRLAWN, Ohio (June 9, 2008) — Omnova Solutions Inc.'s Specialty Chemicals business plans to increase prices of all styrene-butadiene based emulsion polymers by up to 20 cents per dry pound.
The price hike — which is on top of all previously announced increases and surcharges — is effective June 15 for all specialty markets, including coatings, tape and adhesives, nonwovens, floor care and construction.
The increase is necessary because of continuing escalation in oil-related costs, including freight, energy and petroleum-based chemical feedstocks, Omnova said.