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Momentive Specialty Chemicals Inc changed its name to Hexion Inc on January 15.
"We are pleased to leverage the rich legacy of the Hexion name, which already has significant name recognition in the marketplace and believe it better aligns with our company heritage,” said Craig Morrison, Chairman, President and CEO. "With significant market positions, we look forward to leveraging our speciality portfolio to continue serving our global customers. Our leading product brands, such as Epikote, Epikure, Oilplus resin-coated proppants and various types of forest product resins and formaldehyde solutions, remain unchanged other than they are now under the Hexion Inc umbrella.”
The company has also recently completed or announced a number of strategic growth initiatives, including: the acquisition of an oilfield facility in Shreveport, Louisiana, USA; a new epoxy resin and curing agent production facility in Itatiba, Brazil; a phenolic speciality resins joint venture manufacturing facility in China;
and three formaldehyde facilities, which are expected to come online in late 2015 and 2016, respectively.
