The price increase of $US0.05/lb will come into effect on 6 July.

The recent rise in energy, intermediates and transportation costs has led to significant price increases for raw materials, requiring the price adjustment, according to Gerhard Bohme, Business Director North America, Composite Polymers, Hexion.

Based in Columbus, Ohio, USA, Hexion Specialty Chemicals specialises in thermoset resins for a range of applications and industries.