The price increase of US$0.05/lb comes into effect on 8 March 2010, or as contracts allow.

Increased costs for maleic anhydride, glycols and other raw materials make the price increase necessary, according to Gerhard Bohme, Business Director North America, Composite Polymers, Hexion Specialty Chemicals.

Based in Columbus, Ohio, USA, Hexion Specialty Chemicals specialises in thermoset resin technologies.