Hexion Inc.’s Forest Products Division to Participate in the Ligna Trade Show
COLUMBUS, Ohio - (May 11, 2015) – Hexion Inc. (“Hexion” or the “Company”) invites attendees of the Ligna Trade Show to Hall 27, booth G17 as the company publicly displays its complete line of formaldehyde, forest product resin, and wax emulsion solutions. The Ligna tradeshow, May 11 to May 15, in Hannover, Germany, will also be the first opportunity for the Forest Products Division to exhibit under the Hexion name since the Company announced it was changing names to Hexion Inc. from Momentive Specialty Chemicals, effective January 15, 2015.
“We are pleased to leverage the rich legacy of the Hexion name, which already has significant name recognition in the marketplace, and believe it has been well received by our customers so far in 2015,” said Dale Plante, Executive Vice President and President – Forest Products Division. “With significant market positions, we look forward to leveraging our portfolio to continue serving our global customers. Our leading forest products resins, adhesives and formaldehyde solutions, remain unchanged other than they are now under the Hexion Inc. umbrella.”
Plante added, “Our products will continue to help customers meet high performance and lower emissions standards that can be found in any sustainable building strategy. Hexion customers will also continue to benefit from our leading global technology and product support.”
In addition to the name change, Hexion also announced a number of strategic growth initiatives, including developing new formaldehyde facilities in North America and South America.
The expansion of Hexion’s Forest Products business continues on track through the construction of new formaldehyde plants in Geismar, Louisiana and Luling, Louisiana with the goal of coming online in the fourth quarter of 2015 and first quarter of 2016, respectively. Hexion also expects to open a formaldehyde expansion and resin infrastructure at its current site in Curitiba in Parana, Brazil in the third quarter of 2015.
“As the global leader in formaldehyde and formaldehyde-based resins for the forest products industry, we are pleased to announce these strategic expansions as they significantly strengthen our presence in these markets,” Plante said.
Hexion is a leading producer of formaldehyde, a key raw material used to manufacture Forest Products resins and thousands of other chemicals and products, including herbicides, fungicides, methylene diphenyl diisocyanate (“MDI”) and butanediol (“BDO”). Forest products resins are a key adhesive and binding ingredient used in the production of a wide variety of engineered lumber products, including medium-density fiberboard (“MDF”), particleboard, oriented strand board (“OSB”) and various types of plywood and laminated veneer lumber (“LVL”). These products are used in a wide range of applications in the construction, remodeling and furniture industries.
About Hexion Inc.
Based in Columbus, Ohio, Hexion Inc. (formerly known as Momentive Specialty Chemicals Inc.) is a global leader in thermoset resins. Hexion Inc. serves the global wood and industrial markets through a broad range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries. Hexion Inc. is controlled by investment funds affiliated with Apollo Global Management, LLC. Additional information about Hexion Inc. and its products is available at www.hexion.com.
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