Omnova Solutions’ Specialty Ingredients (NYSE: OMN) business announced price increases of up to $0.04 per wet pound on vinyl acetate and vinyl acrylic-based emulsion polymers. This increase was effective August 1, 2014, for all global specialty markets. This action is necessitated by a global supply shortage of key raw materials and is in addition to all previously announced increases.
Omnova Solutions Inc. is a technology-based company with sales of $1 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.