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.
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.