BEACHWOOD, Ohio—Omnova Solutions Inc. plans to increase the prices on all styrene butadiene latex products for all served markets in the Americas by 5 cents a wet pound and 10 cents per dry pound.
The price boosts go into effect Aug. 1 or as contracts allow, the firm said, and are in addition to previously announced increases.
Omnova did not give a reason for the price hikes, but Frank Nataro, director of sales, Americas, for the company's Performance Chemicals business, said in a news release that the company remains committed “to ongoing investment in innovative solutions that create value and provide best-in-class customer care and technical support.
“We must ensure acceptable returns from our business to enable reinvestment to support the ever-changing needs of our customers.”