Hexion to Offer Industry-Leading Wood Composite Resins in China
COLUMBUS, Ohio - (May 22, 2017) - Hexion Inc. ("Hexion" or the "Company") will dedicate capacity from its phenolic resins plant in Zhenjiang, China, to meet growing regional demand for forest product resins and binders used to manufacture plywood and other composite wood products.
The plant produces phenol formaldehyde (PF) resins and additives for a broad range of applications. For the forest products industry, Hexion's PF resin systems enhance structural performance and moisture resistance in wood composite materials such as exterior plywood and oriented strandboard. PF resins are also ultra-low emitting, helping manufacturers meet or exceed the most stringent global standards for emissions. Hexion is at the forefront of environmentally suitable resin technology with its ECOBINDTM resin systems.
"We are committed to serving the growing composite wood products industry in China," said Wei Guo, Managing Director, China Affairs, Hexion. "As the global leader in resins and adhesives for composite wood products, this is an excellent opportunity for us to bring our technical know-how and service expertise to customers in this attractive market."
The Zhenjiang plant, which Hexion acquired from its joint venture partner in August 2015, is part of Hexion's global network of 55 manufacturing facilities dedicated to providing resins systems and additives to industrial and wood markets. Within the forest products industry, the company is a recognized leader in developing resins and additives technology for structural and non-structural composite wood products.
About the Company
Based in Columbus, Ohio, Hexion 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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