Fairlawn Ohio--Omnova Solutions is raising prices of its tyre cord preparation latices from January 1. In a statement, the company said, "Omnova Solutions' Specialty Chemicals business today announced a price increase of $0.04 per dry pound for GenTacÂ® vinyl pyridine latex and GenFloÂ® styrene butadiene latex used in the tire cord market, effective January 1, 2005."
The company blamed increases in feedstock prices. Omnova was spun off from Gencorp Inc. in 1999.
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Press release from Omnova.