Hexion Inc. or Hexion (previously Momentive Specialty Chemicals)[2] is a chemical company based in Columbus, Ohio. It produces thermoset resins and related technologies and specialty products.
| Company type | Public |
|---|---|
| Industry | Chemical |
| Predecessor | Momentive Specialty Chemicals, Borden Chemical |
| Founded | 1899 |
| Headquarters | |
Number of locations | ~ 66 |
Key people | Craig A. Rogerson (CEO) |
| Products | Chemicals |
| Revenue | ~ $3.8 billion (2019) |
Number of employees | 4,300[1] (2017) |
| Website | www |
Hexion is organized into two divisions: the Epoxy, Phenolic and Coating Resins Division, and the Forest Products Division.
Hexion offers resins for a wide range of applications like Abrasives, Adhesives, Chemical Intermediates, Civil Engineering, Coatings, Composites, Crop Protection, Electrical/Electronics, Engineered Wood, Fertilizers and Pesticides, Fibers and Textiles, Foams, Friction Materials, Furniture, Molding Compounds, Oilfield, Oriented Strand Board, Particleboard and Fiberboard, Plywood and Laminated Veneer Lumber and Refractories.
Corporate structure
editHexion Specialty Chemicals, Inc was formed in 2005 through the merger of Borden Chemicals, Resolution Performance Products, Resolution Specialty Materials, and Bakelite AG. At that time they also acquired Pacific Epoxy Products.[3] In 2010, the parent holding companies of Momentive Performance Materials Inc. and Hexion Specialty Chemicals Inc. merged to form Momentive Performance Materials Holdings LLC.[4] In 2015, this combined company renamed itself to Hexion Inc.
In February 2020, Hexion Inc. announced that it has entered into a definitive agreement to sell its manufacturing site in Yumbo, Colombia to a joint venture led by Master Paints & Chemical Corporation.[5][6]
Acquisition by Westlake
editIn February 2022, it was announced the company epoxy division acquisition by Westlake was complete.[7][8][9][10]
See also
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References
edit- ^ "Hexion". Fortune. Archived from the original on 2019-02-09. Retrieved 2019-02-08.
- ^ "Hexion". Fortune. Archived from the original on 2019-02-09. Retrieved 2019-02-08.
- ^ "Pacific Epoxy Polymers, Inc". gracematthews.com. Archived from the original on 2022-02-11. Retrieved 2022-02-11.
- ^ Jacob, Amanda (September 17, 2010). "Momentive and Hexion announce merger". Materials Today. Archived from the original on 2016-10-02. Retrieved 2016-09-29.
- ^ "Hexion Inc. Announces Sale of Colombia Manufacturing Site". finance.yahoo.com. Retrieved 2020-02-25.
- ^ KG, Vincentz Network GmbH & Co. "Hexion announces sale of Colombia manufacturing site". European Coatings. Retrieved 2020-03-03.
- ^ "Westlake to Acquire Hexion's Global Epoxy Business". Westlake. February 2022.
- ^ "Hexion Holdings Announces Agreement to Sell Epoxy Businesses to Westlake Chemical | Hexion". investors.hexion.com. Archived from the original on 2022-02-11. Retrieved 2022-02-11.
- ^ "Westlake Chemical completes Hexion epoxy business acquisition". www.compositesworld.com. 4 February 2022. Retrieved 2022-02-11.
- ^ "Hexion's epoxy unit is going to Westlake Chemical". cen.acs.org. Retrieved 2022-02-11.
External links
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