Hexion Specialty Chemicals, Inc. announced that it will raise prices in the Americas effective Jan. 1, 2006 for various resins and ingredients used in formulating printing inks.
“Ongoing cost increases for both raw materials and energy make these price increases necessary, despite our best efforts to mitigate the impact on our customers of these factors,” said Dan Romani, manager, sales and marketing for Hexion.
The price increases range from 3 cents to 25 cents per pound, depending on the product. Affected products include all resins, solutions, vehicles and allied ingredients. Prices for certain specialty products may see larger increases, based upon formulation.