Momentive Specialty Chemicals Inc. Completes Strategic Wind Energy Expansion
COLUMBUS, Ohio - (Sept. 8, 2014) - Momentive Specialty Chemicals Inc. ("Momentive Specialty Chemicals" or the "Company") today announced that it has completed construction of its epoxy resin and curing agent production facility in Itatiba, Brazil. The Company will hold an opening ceremony for customers on Friday, Sept. 19, 2014. The development will produce epoxy resins and curing agents for large diameter wind turbine blades. The addition is being opened to better serve the growing wind energy market in South America.
"This strategic expansion further strengthens our leading market position in the global wind energy market," said Jody Bevilaqua, Executive Vice President and President of the Epoxy, Phenolic and Coating Resins Division."We are excited to create this growth platform to leverage our EPIKOTE™/ EPIKURE™ Epoxy Systems as our proven technology enables the production of wind turbine blades that can exceed 60 meters in length."
For more than 25 years, Momentive Specialty Chemicals has been at the forefront of wind energy innovation by partnering with rotor blade and turbine manufacturers to increase electrical yield, decrease costs per kilowatt hour, and deliver the technology that make larger turbines and blades possible. The expansion was recognized by the Brazilian Development Bank, which focuses on providing financing for Brazilian machinery and equipment, as well as imports of goods of the same nature produced overseas.
"The Itatiba expansion brings us closer to many of our current South American customers while also enlarging our global footprint. It positions the Company for continued growth in this important region," said Rich Altice, Vice President, Epoxy Specialty Resins.
About the Company
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 is controlled by investment funds affiliated with Apollo Global Management, LLC. Additional information about Momentive Specialty Chemicals and its products is available at www.momentive.com.