COLUMBUS, OH - Momentive Specialty Chemicals announced that its North America coatings business will implement a price increase for alkyd and oil modified polyurethane resins effective for orders shipped on or after December 10, 2010, or as contracts allow. The action is necessary due to ongoing cost escalation of key raw materials used in the production of these resins. Oil modified polyurethane resins will be increased $0.04 cents per pound, and alkyds will be increased $0.04 to $0.08 per pound depending on type and oil involved.