FAIRLAWN, OH, March 26, 2014 (Press Release) -OMNOVA Solutions' Performance Materials business today announced a price increases of up to $0.05 per wet pound of hollow plastic pigment, including Lytron® HG80 latex. This increase is effective April 14, 2014 for the North American paper and packaging markets. This action is necessitated by the continuing escalation in the costs of key raw materials and is in addition to all previously announced increases.
OMNOVA Solutions Inc. is a technology-based company with sales for the fiscal year ending November 30, 2013 of $1.0 billion and a global workforce of approximately 2,300. OMNOVA is an innovator of emulsion polymers, specialty chemicals, and decorative and functional surfaces for a variety of commercial, industrial and residential end uses.