Ashland to increase UPRs and gelcoats prices for EMEA

Ashland Performance Materials, a commercial unit of Ashland Inc. (NYSE: ASH), is increasing the prices of its Unsaturated Polyester Resins (UPRs) and gelcoats portfolio sold in Europe, the Middle East and Africa (EMEA) by 100 euros per ton effective February 1, 2012, or at the earliest possible time depending on individual customer contracts.

The pricing action is primarily driven by the continued rapid escalation in costs for key raw materials, specifically styrene and TiO2, at Ashland's manufacturing units. Responding to changing market conditions allows Ashland to continue to provide innovative products and industry-leading support that add value for customers.

Ashland Performance Materials is a global leader in composite resins, gelcoats, adhesives, specialty coatings and elastomers. It also provides metal casting consumables and design services for effective foundry management through the ASK Chemicals GmbH joint venture. Performance Materials' epoxy vinyl ester resins; unsaturated polyester resins; water-based and energy-curable coatings; pressure-sensitive, laminating, structural and industrial adhesives; and elastomers are used in the construction, transportation, infrastructure, boatbuilding, and packaging and converting markets.