Momentive to Rename Its Speciality Chemicals Business
Momentive Specialty Chemicals has announced that it will change its name to Hexion, starting from January 15, 2015.
Based in Columbus, Ohio, the company is a leader in thermoset resins, the company services the global wood and industrial markets through a wide range of thermoset technologies, specialty products and technical support for customers in a diverse range of applications and industries.
The company want to leverage the Hexion brand which already has name recognition in the marketplace, and believes it will better alight with the company heritage. The companies exiting 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.
Momentive Speciality Chemicals has recently completed a number of strategic growth initiates back in 2014, including the acquisition of an oilfield facility in Shrevport, Louisiana, a new epoxy resin and curing production site in Brazil and a phenolic specialty resins joint venture manufacturing facility in China along with three formaldehyde facilities, which are expected come online in late 2015 and 2016, respectively.