OMNOVA Solutions Announces Surcharge for Specialty Chemicals Containing Butadiene
OMNOVA Solutions’ Specialty
Chemicals business has announced a surcharge on styrene butadiene based
polymers, beginning April 1, 2008, for all specialty chemical markets, including coatings,
tape & adhesives, nonwovens, floor care and construction.
The surcharge in response to dramatic increases in the cost of butadiene from the company’s suppliers, due to shortages of a key butadiene feedstock. The shortages are affecting all butadiene users in the United States, particularly large-volume manufacturers who produce styrene butadiene rubber.
The
surcharge will vary monthly depending on market conditions. For April 2008, the amount of the surcharge
will be $0.02 per dry pound. The
surcharge is in addition to previously announced product price increases for
these markets. The surcharge will
remain in effect until the butadiene market regains stability.
Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!