On 11 January 2010, Hexion Speciality Chemicals (Columbus, Ohio / USA; www.hexionchem.com) raised the prices of liquid, solid and solution epoxy resin grades in Europe, Africa and the Middle East. In Europe, the increase amounts to EUR 150/t, whereas in the Middle East and Africa, the hike is USD 200/t.
The group also announced price increases for North America. Effective 1 February 2010, the price of unsaturated polyester resin systems will rise by USD 0.06/lb whereas vinyl ester resins systems will cost an additional USD 0.09/lb. Hexion blamed rising raw material prices for the hikes.