Hansen Chemical Asia Pacific inks will significantly increase prices in 2006

The Asia-Pacific ink business affiliated to Hexun Chemical Co., Ltd. will start raising prices on January 1, 2006. The company said that the price hikes in raw materials and energy have severely reduced the company's profits and it has been unsustainable. The company will raise prices for the following products and their derivatives:

Rosin resin, +15-25%
Hydrocarbon resins, +10-20%
Ink media, +10-20%
Wax powder and composite products, +10-25%
Alkyds, +10-20%

The company stated that Hansen Chemical will try its best to reduce its impact on customers. Because now, and for the foreseeable future, the company has been unable to absorb the full price increase factor, so the company also canceled the protection measures for 30 days without changing the quotation and changed to daily float.

About Hexion

Hexion Specialty Chemicals Columbus, Ohio, is a global leader in thermosetting resins. With 86 manufacturing and distribution organizations in 18 countries around the world, the company serves the global food and industrial markets, offers a wide range of thermosetting technologies, specialty products and technical support, and customers in various industries and applications. Hansen Chemical is a merger of Borden, Bakelite, RPP and RSM. Hexun Specialty Chemicals is owned by Apollo Management.