Momentive Specialty Chemicals Inc. to Raise Prices for Phenolic Resins and Molding Compounds in the EMEA Region

COLUMBUS, Ohio--()--Momentive Specialty Chemicals Inc. (“Momentive Specialty Chemicals” or the “Company”) today announced that it will increase the prices for phenolic resins by 200 to 300 euros per metric ton depending on the product and 120 euros per metric ton for phenolic molding compounds in Europe, the Middle East and Africa. The pricing adjustments, driven by increases in key raw material costs, become effective Jan. 1, 2013, or as allowed by contract.

About the Company

Based in Columbus, Ohio, Momentive Specialty Chemicals Inc. (formerly known as Hexion Specialty Chemicals, Inc.) is the global leader in thermoset resins. Momentive Specialty Chemicals Inc. serves the global wood and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Momentive Specialty Chemicals Inc. is an indirect wholly owned subsidiary of Momentive Performance Materials Holdings LLC.

About Momentive

Momentive Performance Materials Holdings LLC (“Momentive”) is the ultimate parent company of Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. Momentive is a global leader in specialty chemicals and materials, with a broad range of advanced specialty products that help industrial and consumer companies support and improve everyday life. Its technology portfolio delivers tailored solutions to meet the diverse needs of its customers around the world. Momentive was formed in October 2010 through the combination of entities that indirectly owned Momentive Performance Materials Inc. and Hexion Specialty Chemicals Inc. The capital structures and legal entity structures of both Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. (formerly known as Hexion Specialty Chemicals, Inc.), and their respective subsidiaries and direct parent companies, remain separate. Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. file separate financial and other reports with the Securities and Exchange Commission. Momentive is controlled by investment funds affiliated with Apollo Global Management, LLC. Additional information about Momentive and its products is available at www.momentive.com.

Contacts

Momentive Specialty Chemicals Inc.
Stephan Fuessl, Business Director, EMEA, +49 2374 925 207
stephan.fuessl@momentive.com
or
John Kompa, 614-225-2223
john.kompa@momentive.com

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Contacts

Momentive Specialty Chemicals Inc.
Stephan Fuessl, Business Director, EMEA, +49 2374 925 207
stephan.fuessl@momentive.com
or
John Kompa, 614-225-2223
john.kompa@momentive.com