Momentive Specialty Chemicals Inc. signs licensing agreement with Fibre7 to produce and market resin modified softwood
COLUMBUS, Ohio (October 30, 2013) – Momentive Specialty Chemicals Inc., (“MSC”) has signed a licensing agreement with Fibre7 Limited, based in Wiltshire, United Kingdom, to produce and market resin modified wood in North America using Fibre7’s patented impregnation process.
Fibre7 manufactures LigniaTM and Lignia XDTM modified wood from plantation-grown, New Zealand radiata pine. Both wood products utilize resins supplied by MSC and are used in interior applications such as flooring, furniture and worktops (Lignia) and exterior applications such as decking, windows and doors (Lignia XD).
“Fibre7 is the first and only company to currently have a modified timber offering for internal and external use, which enables customers to match the color and durability characteristics throughout a project,” says Christopher Lusty, Chairman, Fibre7. “Wood dyes can be blended during the impregnation process to create unique color options in the wood for both internal and external applications.”
“We’re excited to partner with Fibre7 to help bring their innovative products to the North American market,” says Dale Plante, President Forest Products Division, MSC. “The combination of their commercially viable impregnation process and our unique resin technology will create a successful partnership. The sustainable softwood used as the raw material is quick growing, Forest Stewardship Council certified and has a positive impact on global carbon dioxide emissions. Finally there is an alternative to tropical hardwoods.”
About Fibre7 Limited
Fibre7 Limited is a privately owned company that has commercialized the densification and coloring of managed plantation timber. Fibre7’s offices are in Wiltshire, England from where it supports its international customer base. The manufacturing plant is based in Tauranga on the East Coast of the North Island of New Zealand. Fibre7’s patented impregnation process enables it to sell plantation timber that has the properties of premium hardwood, but with added performance and color options.
About Momentive Specialty Chemicals, Inc.
Based in Columbus, Ohio, Momentive Specialty Chemicals Inc. (formerly known as Hexion Specialty Chemicals, Inc.) is the global leader in thermoset resins. Momentive Specialty Chemicals 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. Momentive Specialty Chemicals Inc. is an indirect wholly owned subsidiary of Momentive Performance Materials Holdings LLC.
Momentive Performance Materials Holdings LLC (“Momentive”) is the ultimate parent company of Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. Momentive is a global leader in specialty chemicals and materials, with a broad range of advanced specialty products that help industrial and consumer companies support and improve everyday life. Its technology portfolio delivers tailored solutions to meet the diverse needs of its customers around the world. Momentive was formed in October 2010 through the combination of entities that indirectly owned Momentive Performance Materials Inc. and Hexion Specialty Chemicals, Inc. The capital structures and legal entity structures of both Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. (formerly known as Hexion Specialty Chemicals, Inc.), and their respective subsidiaries and direct parent companies, remain separate. Momentive Performance Materials Inc. and Momentive Specialty Chemicals Inc. file separate financial and other reports with the Securities and Exchange Commission. Momentive is controlled by investment funds affiliated with Apollo Global Management, LLC. Additional information about Momentive and its products is available at www.momentive.com.
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LigniaTM and Ligna XDTM are registered trademarks of Fibre7.