FAIRLAWN, OHIO, January 29, 2013 (NYSE: OMN) – OMNOVA Solutions’ Specialty Chemicals business today announced a price increase of up to $0.08 per dry pound for all styrene butadiene emulsion polymers produced in the U.S. and up to $0.10 per wet pound for all acrylic and styrene acrylic emulsion polymers. Vinyl acrylic and vinyl acetate emulsion polymers will increase up to $0.03 per wet pound. In addition, Plioway® and Pliolite® resins will increase by up to $0.12 per dry pound. These increases are effective February 18, 2013 for all specialty markets including coatings, tape and adhesives, floor care, graphic arts, nonwovens, textiles, construction, tire cord, and oilfield chemicals. This action is necessitated by the continuing escalation in the costs of key raw materials and is in addition to previously announced increases.
OMNOVA Solutions Inc. is a technology-based company with sales for the fiscal year ending November 30, 2012 of $1.1 billion and a global workforce of approximately 2,390. OMNOVA is an innovator of emulsion polymers, specialty chemicals, and decorative and functional surfaces for a variety of commercial, industrial and residential end uses. Visit OMNOVA Solutions on the internet at www.omnova.com.
# # #
Contact: Chip Norcross
Specialty Chemicals - U.S.